A Dominant Strategy

question 68

Multiple Choice

A dominant strategy

• A)is one that is the best for a firm, no matter what strategies other firms use.
• B)is one that a firm is forced into following by government policy.
• C)involves colluding with rivals to maximise joint profits.
• D)involves deciding what to do after all rivals have chosen their own strategies.

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Definitions:

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution of a problem.

Evaluation Apprehension

The anxiety or concern individuals may feel when they know they are being assessed or judged by others, which can impact performance.

Production Blocking

A hindrance in group ideation processes where an individual's contribution is limited or delayed due to the need to take turns.

Constructive Conflict

A type of conflict in which the involved parties benefit from a disagreement, leading to creative solutions, growth, and enhancement of relationships.