Question

A dominant strategy Group of answer choices involves colluding with rivals to maximize joint profits. is one that is the best for a firm, no matter what strategies other firms use. is one that a firm is forced into following by government policy. involves deciding what to do after all rivals have chosen their own strategies.

Answer 1

One that is best for a firm no matter what strategies other firms use.

Step-by-step explanation:

This is a strategy that involves gives the highest yield to a firm irrespective of the actions of other firms. E.g. if two firms decide to settle monetary dispute of about $100m, the firm with legal representatives stands to gain about 70%. Both firms could resolve to have legal representatives and end up with 45% each rather than one side having the upper hand.