Use the Following Statements to Answer This Question: I

question 98

Multiple Choice

Use the following statements to answer this question: I. If mixed strategies are allowed, every game has at least one Nash equilibrium.
II) The maximin strategy is optimal in the game of "matching pennies."

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

---

Definitions:

No-par Common Stock

A type of common stock that does not have a par value assigned, representing an ownership interest in a corporation.

Stated Value

A value assigned to a share of stock by the corporation’s board of directors, which is an arbitrary value used for accounting purposes.

Par Common Stock

The value assigned to a share of common stock in the company's charter, not indicative of the market value.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with predetermined dividend payments.