Which of the Following Is Most Likely to Be a Partnership

question 129

Multiple Choice

Which of the following is most likely to be a partnership?

• A)Uncle Mort's Red Wrigglers
• B)the accounting firm of Hope and Williams
• C)General Motors
• D)the Boston Symphony Orchestra
• E)the U.S.Post Office

---

Definitions:

Potential Entrant

A firm or company that is not currently in a market but has the potential to enter if market conditions are favorable.

Dominant Strategy

Rephrased: In strategic decision-making, a Dominant Strategy is the optimal choice for a participant that yields the best outcome, independent of the strategies chosen by other players.

Nash Equilibrium

A principle in game theory where each participant's tactic is the best given the tactics of others, and none of the players stand to benefit from altering merely their strategy.

Credible Threat

A declaration or action by a party that it will follow through with a particular response if certain conditions are met, believed to be feasible by the other party.