A strategy game is
A) any pricing competition among firms
B) a situation arising from independent decision making among economic participants
C) interpendent choice behavior by individuals or groups who share a common goal
D) none of the above

Question

Quizplus · Accepted Answer

A strategy game involves interdependent choice behavior by individuals or groups who share a common goal. It is a situation where the actions of one participant significantly affect the outcome for all participants involved. Option A refers to a pricing game, which is a type of strategic game, but not the only form. Option B describes a coordination game, where participants make independent decisions with the same goal. Option D is a complete generic answer, which can apply to any question, and thus, is not a specific or correct answer in this case.

A Strategy Game Is