Question: ( b ) . Studying game theory equips managers with a paradigm for studying a situation, for predicting players actions, and for making strategic decisions.

(

) .

Studying game theory equips managers with a paradigm for studying a situation, for predicting players

actions, and for making strategic decisions. The PARTS framework developed by Brandenburger and Nalebuff is one such paradigm. PARTS is an acronym for Players, Added value, Rules, Tactics, and Scope. Discuss the PARTS Framework in the spirit of Game theory and strategy.

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