Oligopoly firms' strategic decisions reshape consumer markets and societal welfare
Game Theory is used to analyze interactions in a spice manufacturing company operating in an oligopoly market with its main competitor. The study focuses on non-cooperative games related to marketing campaigns, price wars, R&D investments, new product releases, and policy changes. By applying game structures like the Prisoner's Dilemma and Deadlock, the analysis provides insights into strategic decision-making in competitive environments.