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Game Theory and Strategy · End Term · 13 Sept 2026 · May 2026 term

Question 20: Weakly dominated strategy in this game is

Question 20

+1 markOne correct option

Considering two competing firms in a declining industry that cannot support both firms profitably. Each firm has three possible choices as it must decide whether or not to exit the industry immediately, at the end of this quarter, or at the end of the next quarter. If a firm chooses to exit, then its payoff is 0 from the point onward. Every quarter that both firms operate yields each a loss equal to -1, and each quarter that a firm operates alone yields a payoff of 3. For example, if firm 1 plans to exit at the end of this quarter while firm 2 plans to exit at the end of the next quarter then the payoffs are (-1,2) because both firms lose -1 in the first quarter and firm 2 gains 3 in the second. The payoff for each firm is the sum of its quarterly payoffs. Formulate this as a normal form game considering that E denotes immediate exit, T denotes exit this quarter and N denote exit next quarter. Answer the given subquestions:

Weakly dominated strategy in this game is

  1. A

    E

  2. B

    T

  3. C

    N

  4. D

    None

Show answer

Correct answer

  • D

    None

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Question 20 of 45 in the IIT Madras BS Game Theory and Strategy (Game Theory) End Term paper sat on 13 Sept 2026, in the May 2026 term (Game Theory And Strategy 13 Sep 26). It carries 1 mark.

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