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