All normal-form games have at least one dominant strategy
Indicate whether the statement is true or false
False. Dominant strategies only arise if a player has a single strategy that provides higher payoffs than any other strategy regardless of the other player's move.
Economics
You might also like to view...
Imagine scale economies were not only external to firms, but were also external to individual countries
That is, the larger the worldwide industry (regardless of where firms or plants are located), the cheaper would be the per-unit cost of production. Describe what world trade would look like in this case.
Economics
What are the economic advantages of specialization?
Please provide the best answer for the statement.
Economics