The Term "Strategy" in Terms of Game Theory Refers to _____

Multiple Choice

The term "strategy" in terms of game theory refers to _____

A) the tendency of firms to earn zero economic profit in the long run.
B) the tendency of firms in an oligopoly to exit the market in the long run.
C) each firm's game plan for making decisions.
D) each firm's decision to charge a higher price than the price charged by the rival firm in an industry.
E) the tendency of collusive firms to generate normal profits.