The 'Theory of Games' which provided a different approach to the analysis of strategic behaviour of the oligopolists under uncertainty was developed…

CA Foundation · Business Economics · PYQS · May 2026
The 'Theory of Games' which provided a different approach to the analysis of strategic behaviour of the oligopolists under uncertainty was developed by ______.
(A) A. Alfred Marshal
(B) B. Adam Smith
(C) C. Von Neumann & Oskar Morgentern
(D) D. Paul A Sweezy

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Von Neumann & Oskar Morgentern

Topics: Price Determination in Different Markets

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