Four 0..75 ohm resistors in parallel would have a total resistance of
1/(1/0.75 + 1/0.75 + 1/0.75 + 1/0.75) = 0.1875 ohms.
The current at 12V would be
12/0.1875 = 64A
And therefore the power would be
64 * 12 = 768W
four 0.75 ohm resistors would need to be connected in series/parallel. That is you connect two pairs of resistors in parallel, then connect these in series.
Or yes, four 2.88 ohm resistors in parallel
But there are a couple of other things to note:
1) a 50W resistor dissipating 50W is right at its limit.
2) 0.75 ohms may be easier to get than 2.88 ohms.
Depending on what you're actually trying to achieve, you may be better off looking at what's available (also cost and availability) before trying to arrange resistors in a cost-effective manner to dissipate 200W.
For resistors operating at their limiti of dissipation, you will need to connect them to a heatsink to ensure they don't go overtemp (and their max surface temperatures can be *really* high! If your temperature requirements are not extreme, it may be better to use resistors rated at a total of say 300W so you don't risk overstressing them.
Are you using these with a thermostat to maintain a fixed temperature, or is it for something else?