Q.

What is Game Theory?

A. The branch of economics concerned with representing economic interactions in a highly stylized form with players pays-off and strategies.
B. The branch of economics that uses mathematical methods and models e.g., calculus: statistics, probability etc
C. The branch of economies related with the aggregate or overall, economy.
D. The branch of economics that deals with small units, including individual companies and small group of consumers
Answer» A. The branch of economics concerned with representing economic interactions in a highly stylized form with players pays-off and strategies.
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Economics (GK)

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