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Dominant Strategy - Airline Example

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Profits are shown for united airline and american airline, the airline can either hold prices where they are or cut prices. does either airline have a dominant strategy? Explain in detail: see attachment

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A dominant strategy is a strategy in a game that improves the outcome for a player regardless of the strategy selected by other players in a game. The solution gives a detailed description/ example of how to calculate dominant strategies.

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A dominant strategy is a strategy in a game that improves the outcome for a player regardless of the strategy selected by other players in a game. In this example, United does not have a dominant strategy and American does have a dominant strategy. United does not have a dominant ...

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