A dominant strategy is:
a. one that maximizes the social welfare
b. one that maximizes profit.
c. one that maximizes a player's welfare, regardless of the behavior of a competitor.
d. one that maximizes a player's welfare, given the actions of a competitor.
c
Economics
You might also like to view...
In January 2001, the euro/dollar exchange rate was 1.10, and in January 2002, the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar. B) Euro depreciated against the dollar. C) Dollar appreciated against the euro. D) Both B and C.
Economics
The lowest of the federal or state minimum wage levels prevails in each state
a. True b. False Indicate whether the statement is true or false
Economics