Game theory is best suited to analyze the pricing behavior of:

A) pure monopolists.
B) pure competitors.
C) monopolistic competitors.
D) oligopolists.

Game Theory

A theoretical framework for conceiving social situations among competing players and predicting their choices of action through mathematical models.

Oligopolists

Companies or entities that are part of an oligopoly, a market structure characterized by a small number of firms controlling a large market share, often leading to less competitive markets.

Pricing Behavior

The strategies and practices employed by sellers in setting and adjusting prices of goods and services.