Game theory useful in developing competitive strategy?, Business Management

? A) Game theory emphasize short-term strategy to be employed in competitive strategies rather than a long-term strategy.

? B) Game theory is about thinking how competitors will respond in both the short term and the long term.

? C) Games suppose competition between dissimilar players so game theory is especially useful in explaining how competition occurs.

? D) Given the inter-dependence of competitors, game theory helps an understanding of how the decisions of one competitor affects upon another.

 

B) Game theory is about thinking how competitors will respond in both the short term and the long term

 

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