A dominant strategy is one that

a. makes every player better off
b. makes at least one player better off without hurting the competitiveness of any other player
c. increases the total payoff for one player
d. is best for a player, regardless of what strategy other players follow
e. leads to quicker convergence to market equilibrium

D

Economics

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If the required reserve ratio is 5 percent, then the simple deposit multiplier is

A) 2. B) 5. C) 10. D) 20.

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A public good is

A. a good that the public must pay for. B. nonexcludable in consumption. C. more costly than a private good. D. paid for by the government.

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