The Dominant-Strategy Equilibrium in a Game Implies That Each Firm

question 194

Multiple Choice

The dominant-strategy equilibrium in a game implies that each firm _____

• A)colludes with competitors to charge a high price.
• B)colludes with competitors to maximize industry profits.
• C)ignores the decisions of the other firms.
• D)takes all potential bits of information into consideration before making a decision.
• E)selects the optimal solution to a game.

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