If a Firm Is Better Off with a Particular Strategy

question 39

Multiple Choice

If a firm is better off with a particular strategy regardless of what the other firm does,then it is called the firm's:

• A)dominated strategy.
• B)dominant strategy.
• C)weakly dominated strategy.
• D)winning strategy.

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Definitions:

Noncompetition Clause

A provision in a contract that prevents one party from entering into or starting a similar profession or trade in competition against another party.

Unenforceable

A term describing a contract or clause that, due to illegalities or other issues, cannot be legally upheld or enforced by a court.

Illegal Contract

A contract that involves doing something that is against the law or against public policy, and therefore is unenforceable in a court of law.

Public Policy

Principles and standards considered by the government to be of benefit to the community and used as a guide for legislative action.