Which of the Following Is an Example of a Firm's

question 21

Multiple Choice

Which of the following is an example of a firm's strength discovered by a SWOT analysis?

• A) ownership of valuable patents
• B) a narrow current product line
• C) changing buyer tastes in the marketplace
• D) existing government policies adverse to the industry

---

Definitions:

Pure Strategy Equilibria

A situation in game theory where all players have chosen a strategy and have no incentive to change, leading to a stable outcome.

Maximin Strategy

A decision rule used in game theory and decision making to maximize the minimum possible payoff, focusing on minimizing losses in the worst-case scenario.

Dam Fund

A financial pool created to fund the construction, maintenance, or repair of dam infrastructure.

Constant-Sum

A situation in which the total resources available are fixed, and one party's gain is another party's loss.