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 the optimal 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 the optimal 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
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