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    Microeconomics Study Set 23
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    Exam 13: Game Theory and Competitive Strategy
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    In the Spring of 1994, Northwest Airlines Took the Independent
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In the Spring of 1994, Northwest Airlines Took the Independent

Question 137

Question 137

Multiple Choice

In the spring of 1994, Northwest Airlines took the independent action of reducing fares on its flights. Other competing airlines quickly matched the fare cuts. These actions might be interpreted as:


A) a noncooperative game.
B) a cooperative game.
C) a constant sum game.
D) a competitive game.

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