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An example of a noncooperative game is________.

a. a joint venture among agribusiness firms
b. none of the other answers
c. price competition among agribusiness firms
d. a joint investment among agribusiness firms

User Elang
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1 Answer

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Answer:

c. price competition among agribusiness firms

Step-by-step explanation:

A non cooperative game is a game where the players (individuals) in a game do not cooperate; the engage in competition in the hopes of earning the highest payoffs.

When firms in an agribusiness engage in price competition, they are not in cooperation and they are hoping to earn the highest revenue.

An example of a non cooperative game is the prisoners dilemna where confessing (Not cooperating) is the best strategy.

User Collarblind
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