Differentiate between a pure strategy and a mixed strategy
What will be an ideal response?
A pure strategy involves choosing one particular action for a situation, while a mixed strategy involves choosing different actions with different probabilities.
Economics
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When a student uses a credit card to buy an iPod, the student is
A) borrowing in the bond market. B) borrowing in the loan market. C) lending in the stock market. D) lending in the bond market. E) lending in the loan market.
Economics
If the demand for a good is determined to be "elastic," then the elasticity measure
A) is greater than 1.0. B) is equal to 1.0. C) is less than 1.0. D) is infinite.
Economics