Business, 13.10.2019 13:30 joelpimentel

Atwo-player game in which one player's gain is not completely offset by the other player's loss is called a

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One player’s gain is not completely offset by the other player’s loss is called a positive-sum game. In other words, a positive-sum game can be defined players as a group end up better off.

Explanation:

Positive number games are competitive situations that produce a total profit that exceeds the total loss. This allows for a win-win result where all participants win. It is also possible that some or most participants lost. A good example of this is the mutual benefits from trade in goods and services between countries. If business or (more commonly) countries can find trade terms that benefit both parties, specialization, and trade can lead to an overall enhancement in the economic welfare of both countries. There are many examples of positive-sum game. You can see them on the explanation below:

· Business

Five companies in an industry compete for customers jointly producing $ 5 billion in sales per quarter. The largest company dominates with 80% market share and is the only company in the industry that produces a net profit.

· Education

There are 90 students in a computer science program. The program regularizes grades so that only a small percentage can get an average of A. However, students mainly graduate and benefit from the program in terms of career prospects and knowledge.

· Negotiation

An employee and the company negotiate a salary. The employee works well in negotiations and gets a better salary than they should receive. Nonetheless, the company continues to generate profits from the productive output of employees which produces win-win results.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

•The principle of mercantilism views trade as a(n) game.

•A positive-sum game occurs?

Keywords:

Positive-sum game, negative-sum game, zero-sum game

Subject : Business

Class : 10-12

Sub-Chapter: Game Theory

Answer from: Quest

The answer is c

Answer from: Quest

The correct answer is b

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Atwo-player game in which one player's gain is not completely offset by the other player's loss is c...

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