Question

If a company use game theory, then _____. Group of answer choices the rules must be...

If a company use game theory, then _____.

Group of answer choices

the rules must be understood by all

business decisions are based on what is believed to be a competitor's decision

all decisions are discussed by all players

the winner gets to go first in the next game

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Answer #1

If a company uses game theory, then

Business decisions are based on what is believed to be a competitor's decision.

Each player decides his move based on what he think he will choose to move. Each move is based on what player thinks other player would choose

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