If a player has a strategy where one course of action under-performs all others no matter what other players do, that strategy is

A) a prisoner's dilemma.
B) dominated.
C) dominant.
D) a loser.

B

Economics

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In a competitive market, the demand curve shows the ________ received by consumers and the supply curve shows the ________

A) utility; average cost. B) marginal benefit; marginal cost C) economic surplus; opportunity cost D) net benefit; net cost

Economics

For the law of supply, what does “Qs” stand for?

a. quantity surplus b. quantity supplied c. quality surplus d. quality supplied

Economics