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?

Question

Thaddeus Bray

Business

27 July, 05:36

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?

+3

Answers (2)

Know the Answer?

Deon Buckley · Answer 1

A. Non - cooperative game

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

Janetta · Answer 2

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.

When goodyear increases its production when michelin reduces its production, goodyear is playing aa. non-cooperative game.b. reaction function game.c. negative-sum game.d. cooperative game?

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?