In game theory, a choice that is optimal for a firm no matter what its competitors do is referred to as
A) the dominant strategy.
B) the game-winning choice.
C) super-optimal.
D) a gonzo selection.

Question

Quizplus · Accepted Answer

The dominant strategy is the term used in game theory to describe a choice that is optimal for a player (in this case, a firm) regardless of the actions of its competitors. It represents the best decision a player can make, taking into account all possible strategies of the other players.

In Game Theory, a Choice That Is Optimal for a Firm