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.

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Definitions:

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