--%>

Example of a noncooperative game

An example of a noncooperative game would be: (1) negotiations for international trade agreements. (2) collective bargaining. (3) plea bargaining. (4) the adoption of tit-for-tat strategies in repeated games. (5) collusion by firms in an oligopoly.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Game Theory

  • Q : Application of game theory Within the

    Within the application of game theory, in that case the payoff is: (w) the game’s outcome. (x) the rival firm’s actions. (y) a consequence only of one firm’s actions. (z) is always uncertain. How

  • Q : Flip-flop Strategy in Game Theory

    Famous categories of strategic games do not comprise: (1) grim strategy. (2) tit-for-tat. (3) cooperative games. (4) flip-flop strategy. (5) first mover strategies. How can I solve my Economics pro

  • Q : Problem regarding to zero sum games

    Making a bet within an office pool on this year’s Kentucky Derby is an illustration of a: (w) positive-sum game. (x) negative-sum game. (y) zero-sum game. (z) tit-for-tat game. Can anybody suggest me the proper explanation fo

  • Q : NO net incentives to change current

    Rivals with no net incentives to modify their current strategies within a repeating sequence of games have arrived at a location of: (1) Nash equilibrium. (2) static churn. (3) classical steady state. (4) the invisible hand. (5) tactical impasse.

  • Q : Strategy game theory of Tit for Tat

    Garbanzo lowers the price for its salad buffet. Pinto’s, a close by rival restaurant, in that case lowers its price for its salad buffet, a near substitute. If Garbanzo notices it, then the manager lowers the price again. It trend continues. Such restaurants are

  • Q : Strategies of companies for Nash

    In this payoff matrix for the location strategies of companies: (w) BEST will choose to go to location 1 and ACE will choose to go to location 2. (x) BEST will choose to go to location 2 and ACE will choose to go to location 1. (y) there is no Nash equilibrium. (z) th

  • Q : Problem about Asymmetric Information A

    A large firm knows own costs and the costs of its rival. However a smaller rival firm knows its own costs although is unaware of costs of larger firm. The larger firm is likely to gain due to: (1) industrial concentration. (2) a dominant strategy. (3) predatory practi

  • Q : Gain by implementing a first decision A

    A firm which can gain by implementing a first decision before any other firms act has a: (w) predatory pricing strategy. (x) controlling market share. (y) first mover advantage. (z) dominance strategy. Hey friends please give your

  • Q : Problem on positive sum game When two

    When two countries decide to involve in trade because of comparative advantage: (w) one country will gain more than the other. (x) there should be completely free trade for both countries to benefit. (y) the overall consequences for all consumers can be explained as a

  • Q : Grim Strategy in Nash Equilibrium A

    A strategy combination where every player is playing a best response to other players' current strategies, and therefore has no incentive to change strategies in a repeating game is termed as: (1) zero-sum equilibrium. (2) the first mover advantage. (3) tit-for-tat. (