A Dominant Strategy

question 39

Multiple Choice

A dominant strategy

• A)is one that is the best for a firm, no matter what strategies other firms use.
• B)is one that a firm is forced into following by government policy.
• C)involves colluding with rivals to maximize joint profits.
• D)involves deciding what to do after all rivals have chosen their own strategies.

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Definitions:

Value

The importance, worth, or usefulness of something, often guiding principles or standards of behavior for individuals or societies.

Attitude

A settled way of thinking or feeling about something, typically reflected in a person's behavior.

Likert Scale

A psychometric scale commonly used in surveys to measure attitudes or opinions, where respondents indicate their level of agreement or disagreement with a series of statements on a linear scale.

Judges

Individuals appointed or elected to rule on legal matters and disputes in courts.