From the scenario determine to the importance of predicting thepricing strategie

From the scenario determine to the importance of predicting thepricing strategies of rival firms in an industry characterized bymutual interdependence. Provide a rationale for your response.Examine the common price setting strategies of airlines that usegame theory. Predict the potential effects of such pricingstrategies on the demand for seats and conclude the resultingimpact on the profitability of the airlines.