A strategy A is "dominant" for a player X if
A) strategy A contains among its outcomes the highest possible payoff in the game.
B) irrespective of any of the possible strategies chosen by the other players, strategy A generates a higher payoff than any other strategy available to player X.
C) strategy A is the best response to every strategy of the other player.
D) strategy A is the best response to the best strategy of the other player.
E) every outcome under strategy A generates positive payoffs.
C
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The more substitutes that are available for a product, the more elastic the demand for that product is.
a. true b. false
A major loophole was punched through the McFadden Act as banks
A) formed bank holding companies. B) developed negotiable certificates of deposit. C) began paying interest on checkable deposits. D) converted themselves into savings-and-loans.