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Game theory is an up-and-coming technique to achieve optimal outcomes and can be applied to almost all concepts, including independent decision-making. Keeping the concepts of

Game theory is an up-and-coming technique to achieve optimal outcomes and can be applied to almost all concepts, including independent decision-making. Keeping the concepts of game theory, discuss the following: - 1. How to apply game theory? 2. What are the state-of-the-art game theory techniques? 3. Describe the PARTS plan and explain how it can help managers make decisions. Please respond in complete sentences in the MEAL format

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