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Game theory is a powerful tool for understanding how individuals and groups make decisions in situations where their choices affect each other. In economics, game theory is used to study a wide range of topics, such as market competition, business strategy, and public policy. In this video, we'll explore how game theory can be used to understand some of the key concepts in economics. #gametheory #economics #marketcompetition #businessstrategy #publicpolicy #decisionmaking #rationality #cooperati
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