Economics · Game Theory
The basic objective of applying game theory in strategic decision-making is to:
- 1Minimize marginal cost
- 2Arrive at an optimal or dominant strategy considering competitors' actions✓
- 3Maximize sales volume
- 4Maximize profits unconditionally
Correct answer
Arrive at an optimal or dominant strategy considering competitors' actions
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Game Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Game Theory