Which of the Following Is True of a Dominant Strategy

question 47

Multiple Choice

Which of the following is true of a dominant strategy?

• A)A dominant strategy guarantees a player a higher payoff than its competitor.
• B)A dominant strategy calls for a contingent course of action.
• C)A dominant strategy is the best response to any strategy that the other player might select.
• D)A dominant strategy minimizes the other player's payoff.
• E)A player has to have a dominant strategy in order to earn a profit.

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Definitions:

Employee Leasing

A staffing strategy where companies contract with a third-party to hire and manage their workforce, often to reduce administrative responsibilities.

Professional Employer Organization

A firm that provides a service under which an employer can outsource employee management tasks, such as benefits administration, payroll, and workers' compensation.

Knowledge Worker

An individual whose primary job involves processing and working with information or knowledge, rather than manual labor.

Fertilizer

A chemical or natural substance added to soil or land to increase its fertility and enhance plant growth.