The Avoidance of a Worst Case Scenario Strategy in a Two-Firm

Multiple Choice

The avoidance of a worst case scenario strategy in a two-firm balanced oligopoly can best be described as a strategy

A) taken by the more powerful of the two firms, the other follows to avoid a worst case outcome
B) taken by the less powerful of the two firms in order to avoid a worst case outcome
C) that is best for the firm regardless of the strategy taken by its rival
D) that avoids a Nash equilibrium outcome
E) that allows both firms to obtain cartel-like profits