A coordination game exists when:
A)the product or issue of the game concerns communication, such as phones or media.
B)coordination is costless and easy, regardless of whether it is harmful.
C)all players have a common interest in coordinating their choices.
D)collusion created the market or situation from the start.

Question

Quizplus · Accepted Answer

A coordination game involves individuals or groups coordinating their actions to achieve a common goal or outcome. In a coordination game, all players have a common interest in coordinating their choices to achieve the best outcome, and the coordination is often difficult or costly. Option A is incorrect because the product or issue of the game does not determine whether a game is a coordination game. Option B is incorrect because coordination is not always costless or easy in a coordination game. Option D is incorrect because collusion does not always create a coordination game.

A Coordination Game Exists When