Suppose a firm can charge a relatively low price to try to compete actively with its rivals, or it can charge a relatively high, collusive price. If its strategy is to charge the low price regardless of the other firms' decisions, this low-price is the firm's
A. dependent strategy.
B. independent strategy.
C. positive sum strategy.
D. dominant strategy.
Answer: D
You might also like to view...
Which of the following pairs are not considered to be complementary goods?
A. fertilizer and irrigation systems B. cereal and milk C. digital cameras and memory cards D. coffee and tea
How might financial deepening contribute to poverty reduction?
What will be an ideal response?
The investment decision is made in the short run.
Answer the following statement true (T) or false (F)
Which of the following is a true statement?
A. The United States has the world's largest ratio of exports to GDP. B. The United States is almost entirely dependent on other countries in obtaining items such as silk, nickel, tin, and coffee. C. U.S. exports to China greatly exceed U.S. imports from China. D. Since 1947 the United States has accounted for a rising percentage of total world trade.