Solved

A Dominant Strategy Is

Question 254

Multiple Choice

A dominant strategy is


A) an equilibrium where each firm chooses the best strategy, given the strategies of other firms.
B) a strategy chosen by two firms that decide to charge the same price or otherwise not to compete.
C) a strategy that is obviously the best for each firm that is a party to a business decision.
D) a strategy that is the best for a firm no matter what strategies other firms use.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions