The study of behavior in situations of interdependence is called:
A)benefit-cost analysis.
B)econometric theory.
C)game theory.
D)strategic theory.

Question

Quizplus · Accepted Answer

The study of behavior in situations of interdependence is called game theory. It is used to understand how people make decisions when their choices depend on the choices of others. Benefit-cost analysis is a technique used to evaluate the costs and benefits of a decision or policy. Econometric theory is a branch of economics that uses statistical methods to analyze economic data. Strategic theory is a broader term that can refer to any approach to understanding how individuals or organizations make strategic decisions.

The Study of Behavior in Situations of Interdependence Is Called