In a game, a dominant strategy is
a. the best strategy for a player to follow only if other players are cooperative.
b. the best strategy for a player to follow, regardless of the strategies followed by other players.
c. a strategy that must appear in every game.
d. a strategy that leads to one player's interests dominating the interests of the other players.
b
Economics
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The long-run effect of an increase in the money supply is to
A. increase the price level. B. decrease the interest rate. C. decrease the price level. D. increase the interest rate.
Economics
Increases in the marginal product of labor result from
A) increasing the usage of all inputs. B) the division of labor and specialization. C) the use of new technology. D) hiring more efficient workers.
Economics