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For taking better decisions concerning price and output, administrators use Game theory models. The subject of game theory transacts with the scrutiny of the mathematical models of conflict. It also deals with the teamwork between the knowledgeable and reasonable decision maker. The notions of the game theory are used in subjects such as economics, political science, computer science, logic gates and also in the fields of biology. The game theory relates to the broad scope of behavioural relations and also assessed a science of sensible judgement capability in the humans or the computers.
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