What type of cooperation-inducing strategy is defined as one so compelling that that a firm would expect all other firms to adopt it?
A)Backward induction
B)Focal point
C)Always aggress
D)Coordination
E)Folk

Question

Quizplus · Accepted Answer

The strategy described in the question is known as a focal point strategy. It is a coordination-inducing strategy that relies on the presence of a single, easily recognizable solution as a focal point for all firms. This solution is so compelling that each firm expects all other firms to adopt it, leading to coordination and cooperation.

What Type of Cooperation-Inducing Strategy Is Defined as One So