How does the concept of utility play a role in determining player strategies and decision-making in the game of Monopoly?

In the game of Monopoly, utility refers to the value or benefit that players gain from their decisions and strategies. Players consider the utility of different moves, such as buying properties, building houses, or making trades, to maximize their chances of winning. By weighing the potential benefits and drawbacks of each decision based on utility, players can make more informed and strategic choices to outperform their opponents.