Answer Happy

1. Which of the following is a good definition of game
theory?
a.
all types of markets, including competitive markets,
monopolistic markets, and oligopolistic markets.
b.
The study of firms interacting in monopolistic competition
markets.
c.
The broad principles that guide successful board game
players.
d.
The way firms, countries, and people interact in strategic
circumstances.
2. If you are engaged in international business, and the people
in your target market bow when they greet each other, you should
also bow. But if they shake hands, you should also shake
hands. This is an example of what kind of strategy?
a.
A dominant strategy.
b.
A coordination strategy.
c.
An anti-coordination strategy.
d.
A Nash strategy.
3. If firms or people locked in a strategic game play the game
over and over they will often eventually do what?
a.
Continue to defect.
b.
Figure out they should cooperate.
c.
We can’t say because humans are unpredictable.
d.
Leave the game and fine another market where they do not have to
worry about rivals.
I really need help for these three questions. Please help me
out. Thank you so much. I very much appreciate your help.