A game where firms that pursue a dominant strategy that results in noncooperation where all players are worse off is a

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BlackTom AI · Accepted Answer

The question asks about a game in which firms pursue a dominant strategy that leads to noncooperation and an outcome where all players are worse off. 
First, let's restate the core idea: a dominant strategy is one that yields a better payoff for a player regardless of what the other players do. When all players choose their dominant strategy and end up noncooperating, the result can be collectively worse for everyone involved. 
In the classic literature on game theory, the scenario that perfectly matches this description is the Prisoner’s Dilemma: each player has a dominant strategy (to defect/defect), but if both defect, the outcome is worse for both than if they had cooperated. 
Option considerations can help sharpen this understanding, even though the specific answer choices are not listed here. 
- If a game had no dominant strategy for one or both players, or if mutual cooperation would yield the best collective outcome and yet players still defect, that would not constitute the standard Prisoner’s Dilemma. 
- In a Chicken game, players’ best responses depend critically on the other player’s action, and the payoffs differ in structure from the dilemma described. Cooperation is not the straightforward dominant-strategy-driven path there. 
- In a Stag Hunt, there is risk associated with the decision to cooperate, but the payoff structure emphasizes mutual cooperation as the best outcome when trust is present, which again diverges from the strict dominant-strategy logic of the Prisoner’s Dilemma. 
- If a wording suggests that all players are worse off due to pursuing their own dominant strategies, that aligns with the classic Prisoner’s Dilemma intuition: defection is individually rational, yet collectively worse than mutual cooperation. 
Since the provided question text points to a familiar construct in which unilateral defection leads to a worse outcome for everyone, the intended interpretation mirrors the Prisoner’s Dilemma framework. 
Note: the answer options are not listed in the provided data, so this explanation centers on matching the described dynamic to the standard theoretical example and contrasts it with related games to highlight why the Prisoner’s Dilemma is the canonical fit.

MCD2020 - T1 - 2025 Lecture Quiz 9 - Monopolistic Competition and Oligopoly

A game where firms that pursue a dominant strategy that results in noncooperation where all players are worse off is a

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