Decision makers in oligopolistic firms must devise a strategy. One that yields the highest benefit, regardless of what the other players do is a
A) pricing strategy.
B) coherent strategy.
C) dominant strategy.
D) revenue strategy.

Question

Quizplus · Accepted Answer

A dominant strategy is one that yields the highest benefit, regardless of what the other players do. In an oligopoly, where the actions of one firm directly affect the others, having a dominant strategy can ensure the best outcome for the firm. Pricing strategy, coherent strategy, and revenue strategy are all important considerations in developing a dominant strategy, but they do not guarantee the highest benefit.

Decision Makers in Oligopolistic Firms Must Devise a Strategy