Question: Develop a game theory scenario to a real-world problem or market situation in which game theory analysis could be applied.Describe the possible outcomes or measurement

Develop a game theory scenario to a real-world problem or market situation in which game theory analysis could be applied.Describe the possible outcomes or measurement factors that could be used to develop a payoff matrix in game theory scenario.How would evaluating different risk factors of various outcomes play a role in the developing possible outcomes within the decision making process?

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