A kind of game in which competition leads to a less-than-optimum outcome for both managers,is called:

Name: A kind of game in which competition leads to a less-than-optimum outcome for both managers,is called:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The description given matches the classic game theory situation known as the prisoner's dilemma. In this scenario, both players have a dominant strategy to defect and cheat the other player, leading to a suboptimal outcome for both parties involved.

A Kind of Game in Which Competition Leads to a Less-Than-Optimum