A player in a game theoretic model is:
A) anyone working for a firm that is operating strategically.
B) a decision-making entity at a firm involved in a strategic game.
C) a firm that is operating as a perfect competitor.
D) a monopolist who produces a unique product with no close substitutes.
E) a stockholder at a firm involved in a strategic game.

Question

Quizplus · Accepted Answer

A player in a game theoretic model is a decision-making entity at a firm involved in a strategic game. Therefore, choice B is the best option as it directly refers to such an entity. Choices A, C, D, and E are not accurate as they do not necessarily involve decision-makers participating in a strategic game.

A Player in a Game Theoretic Model Is