A dominant strategy is one where one firm picks
A)a strategy only after seeing the other firm's decision.
B)a strategy that must be repeated.
C)a strategy no matter what the rival does.
D)the same strategy as the rival.

Question

Quizplus · Accepted Answer

A dominant strategy is one that is the best course of action for a firm regardless of what their rival does. It is a strategy that a firm will always choose because it leads to the best outcome regardless of the other player's choice.

A Dominant Strategy Is One Where One Firm Picks