Maxim's Project Team Agreed at the Outset That He Should

question 40

Multiple Choice

Maxim's project team agreed at the outset that he should serve as leader based on his previous experience.But recently some members have been challenging his direction and jockeying among themselves for dominance in the group.What dynamic is occurring here?

• A) norming
• B) convergence
• C) counterdependence
• D) adjourning

---

Definitions:

Nash Equilibrium

A concept within game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.

Bertrand Model

An economic model of competition among firms that compete by setting prices simultaneously.

Payoff Matrix

A table that shows the payoffs for each player in a game for every possible combination of actions by the players.

Economic Profits

The financial gain achieved when revenues exceed both explicit and implicit costs.