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Question :

Why is game theory useful in developing competitive strategy?
► A) Game theory emphasizes short-term tactics 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 assume competition between different players so game theory is especially useful in describing 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.




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