What is a dominant strategy?the strategy that results from collusion in an industrythe strategy that results in the best outcome for all firms in an industrytN optimal strategy that takes into account the actions of opponentsthe strategy that is optimal regardless of the actions of other firms

Nash equilibrium can still occur when players do not have any dominant strategy.

What is a dominant strategy? the strategy that results from collusion in an industry the strategy that results in the best outcome for all firms in an industry toptimal strategy that takes into account the actions of opponents the strategy that is optimal regardless of the actions of other firms

What is a dominant strategy? the strategy that results from collusion in an industry the strategy that results in the best outcome for all firms in an industry toptimal strategy that takes into account the actions of opponents the strategy that is optimal regardless of the actions of other firms

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Oligopoly

Section: Chapter Questions

Problem 5PA

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What is a dominant strategy?
the strategy that results from collusion in an industry
the strategy that results in the best outcome for all firms in an industry
tN optimal strategy that takes into account the actions of opponents
the strategy that is optimal regardless of the actions of other firms

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