suppose we observe that the outcome of the game is one in which each company earns a profit of $10 million. this outcome a. is the result of cooperation between the two companies, and we know that a cooperative outcome is difficult in a game such as this one. b. is the result of cooperation between the two companies, and we know that a cooperative outcome is easy in a game such as this one. c. is the most likely outcome of the game, regardless of whether the two companies cooperate. d. is the result of each company pursuing its dominant strategy.

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aspenwheeler1987 aspenwheeler1987

06-12-2022
Business

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suppose we observe that the outcome of the game is one in which each company earns a profit of $10 million. this outcome a. is the result of cooperation between the two companies, and we know that a cooperative outcome is difficult in a game such as this one. b. is the result of cooperation between the two companies, and we know that a cooperative outcome is easy in a game such as this one. c. is the most likely outcome of the game, regardless of whether the two companies cooperate. d. is the result of each company pursuing its dominant strategy.

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Yogeshkumari Yogeshkumari · Answer 1 · 2022-12-13T04:56:39-05:00

Suppose we observe that the outcome of the game is one in which each company earns a profit of $10 million. This outcome is the result of cooperation between the two companies, and we know that a cooperative outcome is difficult in a game such as this one.

A game is a formalised kind of play that is frequently done for amusement or enjoyment but may also serve as a teaching tool. There are several games that are also regarded as works of art. Games are occasionally played solely for amusement, but they are also occasionally played for success or reward.

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Hence the correct option is A.

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