If both players in a game have a dominant strategy, then the game they are playing
A) has no Nash equilibrium.
B) must have one Nash equilibrium.
C) must have two Nash equilibria — one for each player.
D) More information is needed to determine the number of Nash equilibria in the game.
B
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In the short run, when the Fed increases the federal funds rate,
A) the real interest rate rises and investment does not change. B) the real interest rate is unaffected but investment still decreases. C) the real interest rate rises and investment decreases. D) there is no effect on investment because investment depends on the real interest rate. E) the real interest rate falls and investment increases.
The ________ is referred to as future value
A) product of interest payments and principal B) ratio of interest payments to principal C) ratio of principal to interest payments D) sum of interest payments and principal