In Game Theory,a Strategy That Represents the Best Choice for a Firm

question 2

Multiple Choice

In game theory,a strategy that represents the best choice for a firm no matter what the other firm does is termed

• A) a dominant strategy.
• B) a Nash equilibrium.
• C) a prisoners' dilemma.
• D) a duopolists' dilemma.

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Definitions:

Subsidiary

A “child” company to a parent company; the parent company owns 100% of the subsidiary’s operations.

International Business

Commercial transactions that occur across country borders, involving the trade of goods, services, technology, capital, or knowledge.

International Strategy

a plan deployed by companies to expand their operations and market footprint across multiple countries, adapting to different cultural and economic environments.

Organizational Culture

Organizational culture describes the shared beliefs, values, norms, and practices that shape the social and psychological environment of a business, influencing employee behavior and corporate identity.