Games can be judged according to the payoffs
A) as zero-sum, negative-sum, and positive-sum games.
B) as collusive or noncollusive games.
C) as competitive or noncompetitive games.
D) whether all companies participate or not.

Question

Quizplus · Accepted Answer

Payoffs in games can be classified as zero-sum (where one player's gain is equal to the other player's loss), negative-sum (where all players experience a net loss), or positive-sum (where all players experience a net gain). Collusion, competition, and the participation of all companies may be factors that affect a game's dynamics but do not necessarily define its payoffs.

Games Can Be Judged According to the Payoffs