In economic theory, the firms optimal strategy iss

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    a rule or plan of action for playing the game that maximizes the expected payoff.
     one that delivers the maximum profits for all players involved.
     a rule of thumb that minimizes the need to analyze all possible rival moves.
     Both 1 and 2.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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a rule or plan of action for playing the game that maximizes the expected payoff.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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