Question

Based on the current business and economic environment in India, should Maruti enter the e-car segment? Use game theory approach to answer this question. Identify the players, their strategies, and the appropriate game theory format to represent the conflicting situation. Provide appropriate justification and use your own payoffs for each strategy option selected by the players.

Answer 1

Game theory mostly applied in various competitive situation which consider various economic agents for attain or taking an utility. As per this situation that is maruti enter the e car segment in this current business and economic situation it will may make benefit to consumers and producer .Here maruti adopt a strategy which is fixed in advance and by which used between some players decided in this business during the course of business.here is like a mixed strategy adopted because this business successfulness lies on the probability based.it may success or failer that affect to each player's in this business..In this economic situation this business or compared with game theory we can say that may tha pay off may be gain or losses which can't predictable.