A strategy which is universally best, regardless of the strategy chosen by others, is called a
A) Nash strategy.
B) dominant strategy.
C) mutually interdependent strategy.
D) zero-sum strategy.
B
Economics
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Government regulation of industry is designed to separate __________ from __________
a. profit maximization; efficiency b. efficiency; output c. price making; the firm d. monopolies; competitors e. bigness; profitability
Economics
If a consumer allocates income between goods A and B, total utility is maximized when
a. the marginal utility of A = the marginal utility of B b. the marginal utility of A = the marginal utility of B = 0 c. the price of A = price of B d. marginal utility of A/price of A = marginal utility of B/price of B = 0 e. marginal utility of A/price of A = marginal utility of B/price of B
Economics