What is the best decision in economic terms

Reference no: EM133300793

A. If I don't know the Game Theory, how can I answer the following questions?

When companies are competing:

Question 1: What is the best decision (equilibrium) in economic terms?
Question 2: Are the final decisions based solely on money, or is there something else that influences the decision-making?
Question 3: What could change the competition scenarios?
B. If I use the Game Theory, how can I answer the following questions?

When companies are competing:

Question 1:What is the best decision (equilibrium) in economic terms?
Question 2: Are the final decisions based solely on money, or is there something else that influences the decision-making?
Question 3: What could change the competition scenarios?

Reference no: EM133300793

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