The dominant strategy for Wonka is to a. produce a good quality product, and the dominant strategy for Gekko is to produce a good quality product. b. produce a poor quality product, and the dominant strategy for Gekko is to produce a good quality product. c. produce a good quality product, and the dominant strategy for Gekko is to produce a poor quality product. d. produce a poor quality product, and the dominant strategy for Gekko is to produce a poor quality product.

Base on the scenario been described in the question, the dormant strategy for Wonka is to produce high output, and the dominant strategy for XYZ is to produce high output.

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Martebi Martebi · Answer 2 · 2022-05-02T10:23:49+02:00

The dominant strategy for Wonka is produce a good quality product, and the dominant strategy for Gekko is to produce a good quality product.

What is dominant strategy?

“Dominant strategy” is known to be a term that is said to be the best and useful option for any person be it a player in a kind of competitive strategy set.

Note that in this strategy, Wonka has to produce a good quality product, and the dominant strategy for Gekko is to produce a good quality product and as such they will be dominant in the field.

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