Suppose a Firm Can Charge a Relatively Low Price to Try

question 151

Multiple Choice

Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it can charge a relatively high, collusive price. If its strategy is to charge the low price regardless of the other firms' decisions, this low-price is the firm's

• A) dependent strategy.
• B) independent strategy.
• C) dominant strategy.
• D) positive sum strategy.

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