Briefly explain four ways in which competitive situations (or games) can be classified.


Four ways in which competitive situation can be classified are:
– Number of competitors e.g. two persons and N – persons game.
– Nature of payoff e.g. zero sum and non zero sum games
– Number of strategies available to each player e.g. 2 x 2 game, 2 x 3 game etc.
– Amount of information the competitors have e.g. games with perfect information or Games with imperfect information.

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