Game Theory

Multiple Choice

Game theory:

A) Is useful when analyzing strategic pricing behavior of individual firms in imperfectly competitive industries.
B) Is the study of the strategic behavior involving the interaction of two or more players.
C) Is useful when predicting the outcome of a two-person, non-cooperative, one-time game.
D) Is useful for analyzing strategic output-setting behavior of imperfectly- competitive firms.
E) All of the above are correct.