A dominant strategy is
A) a strategy chosen by two firms that decide to charge the same price or otherwise not to compete.
B) a strategy that is the best for a firm no matter what strategies other firms use.
C) a strategy that is obviously the best for each firm that is a party to a business decision.
D) an equilibrium where each firm chooses the best strategy, given the strategies of other firms.
B
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The unemployment rate measures the percentage of
A) people who want full-time jobs, but can't find them. B) the working-age population who can't find a job. C) people in the labor force who can't find a job. D) the working-age population that can't find a full-time job. E) employed people who can't find a job.
For resale price maintenance to be successful for the manufacturer, as a result of the product-specific services, the shift in the market demand must ________ the shift in the market supply.
A) be less than B) be exactly one -half C) be greater than D) be equal to
Describe any three price indices published by the Bureau of Labor Statistics that are not based on baskets of consumer goods
Marginal social cost equals marginal ________ cost plus marginal ________ cost, and reflects the true marginal cost to society of an additional unit of production
a. fixed; variable b. implicit; explicit c. labor; capital d. private; external