When airlines post prices on an electronic bulletin board at 8:00 a.m. each morning, the decision-makers are engaged in
A) a single play game
B) a sequential game
C) an entry decision
D) a simultaneous game
E) an infinite repetition game

Question

Quizplus · Accepted Answer

When airlines post prices at the same time without knowing what prices others are posting, they are engaged in a simultaneous game. This is because each airline makes its decision at the same time as the others, without knowledge of the others' decisions.

When Airlines Post Prices on an Electronic Bulletin Board at 8:00