Question

When goodyear increases its production when michelin reduces its​ production, goodyear is playing a

a. ​non-cooperative game.


b. reaction function game.


c. ​negative-sum game.


d. cooperative game?

Answer 1

Answer: The correct answer is a) non-cooperative games.

Explanation: Non-Cooperative Games refer to the games in which the players decide on their own strategy to maximize their profit. Here, individual players do not cooperate and each form its own strategy.

Goodyear taking advantage of the reduction in production by Michelin is a good example of non-cooperative games.

Answer 2

A. Non- cooperative game

Step-by-step explanation:

Goodyear is playing a ​non-cooperative game.

A non-cooperative game is a game with competition between individual players, as opposed to cooperative games, and in which alliances can only operate if self-enforcing