🤑ap microeconomics review

Payoff

Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 examWritten by the Fiveable Content Team • Last updated August 2025

Definition

The outcome or reward that a player receives as a result of the combination of strategies chosen by all players in a game.

AP course connection

Topic 4.5: 4.5 Oligopoly and Game Theory

Unit 4

"Payoff" also found in:

Subjects (1)