One of the main tools economists use to analyze strategic behavior is
A) the Herfindahl-Hirschman Index.
B) game theory.
C) cartel theory.
D) the collusion index.
E) dual theory, which is used to study duopolies.

Question

Quizplus · Accepted Answer

Game theory is the main tool economists use to analyze strategic behavior. It provides a framework for analyzing how individuals and firms make decisions in situations where the outcome depends not only on one's own actions but also on the actions of others. Game theory has applications in various fields such as economics, political science, psychology, and biology.

One of the Main Tools Economists Use to Analyze Strategic