The study of how decisions are made when strategic interaction between firms exists is known as Group of answer choices Game theory. Contestable market theory. Predatory pricing theory. Market power theory.

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12-07-2022
Business

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The study of how decisions are made when strategic interaction between firms exists is known as Group of answer choices Game theory. Contestable market theory. Predatory pricing theory. Market power theory.

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sharmaaashutosh169 sharmaaashutosh169 · Answer 1 · 2022-07-21T07:46:47+02:00

The study of how decisions are made when strategic interaction between firms exists is known as game theory.

The study of mathematical models of strategic interactions between rational beings is known as game theory. It has uses in computer science, logic, systems science, and all branches of social science.

The field of applied mathematics known as game theory offers methods for examining scenarios in which parties, or players, make interdependent decisions. Each player must consider the potential decisions or strategies of the other players because of their interdependence.

Learn more about game theory here https://brainly.com/question/13548182

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