In game theory, a strategy is considered dominant if it provides the highest payoff for a player, regardless of the strategies chosen by the other players. This concept is crucial for understanding competition in markets, particularly in oligopolies. A firm with a dominant strategy is likely to choose a __________ pricing strategy to maximize its profits.

A firm with a dominant strategy in game theory will likely choose a competitive pricing strategy to maximize its profits. This means the firm sets its prices in a way that attracts customers while still ensuring it earns the most it can, no matter what other firms do. For example, if a company knows that lowering its prices will still lead to higher sales and profits, it will do so even if other firms keep their prices high. This approach helps the firm secure a strong position in the market, as it can draw in more customers than its competitors. Ultimately, using a competitive pricing strategy allows the firm to thrive, regardless of the actions taken by others in the market.