Monopoly is to market power as game theory is to what?

Monopoly is a situation where a single company has a lot of control over a market, meaning it can set prices and influence supply without much competition. Similarly, game theory is a way to understand how people or companies make decisions when they are in competition or working together. It helps us analyze situations where the outcome depends on the choices of all players involved. For example, in a game where two businesses are deciding whether to lower their prices, game theory can show how each company’s decision affects the other. Just as a monopoly holds market power, game theory holds strategic power in understanding interactions between different decision-makers.