Kinpotato9899 Kinpotato9899

02-11-2022
Business

Answered

a strategy that leads to the best outcome for a firm no matter what decision rivals make. the concept of dominant strategy is used in game theory to describe the situation in which a player of the game has no motivation to move from a specific strategy because it offers the greatest payoff regardless of the strategy undertaken by the other player. based on this definition, the correct answer is option c. option a. is incorrect because a dominant strategy only offers the best outcome for one firm. option b. is also incorrect because a dominant strategy is always chosen by players (assuming they are rational). option d. is incorrect because it shows a wrong combination of answers.

Answer :

Other Questions

technological forces the use of technology was a wise choice. it may require a large upfront investment, but the leadership agrees with you that technology and

Because amazon prime offers super-fast, free shipping, many other retailers have had to offer the same type of shipping in order to compete. This is an example

refer to the following lease amortization schedule. the five payments are made annually starting with the beginning of the lease. a $2,300 purchase option is re

Which strategy would most help minimize the risk of being underinsured? A. Avoiding making claims B. Choosing a low policy limit C. Reducing the monthly premium

canine crates just paid an annual dividend of $.45 per share but plans to double that amount each year for three years. after that, the firm expects to maintain

jane is having difficulty deciding whether to put her savings in the mystic bank or in the four rivers bank. mystic offers a 12% rate compounded quarterly, and

g a lessee is evaluating whether a lease term is a major part of the remaining life of an asset in order to determine the proper lease classification. the lesse

the center for business analytics is considering a refund policy for no-shows. no refund would be given for members who do not attend, but non members who do no

a supermarket chain will open a new store in a city. the supermarket chain must choose whether to building a small store or a big store. the profitability of th

Suppose ron is willing to pay $200 to see a professional basketball game and felix is willing to pay $150. Assume the normal price of a ticket is $125. The loca