A player can choose among three strategies: T, M, and B. Nevertheless, strategy B is dominated by strategy T. This means that
A) strategy T is always played.
B) strategy B is never played.
C) strategy B will be part of a Nash equilibrium.
D) strategy M is never played.
B
Economics
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When the marginal productivity of labor decreases, the demand curve for labor in a perfectly competitive market
A) does not change. B) becomes flatter. C) shifts to the right. D) shifts to the left.
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Cash distributions made by government to individuals when no good or service is received in exchange are known as __________.
A. Taxes B. Transfer payments C. Poverty payments
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