A Dominant Strategy Occurs When

question 40

Multiple Choice

A dominant strategy occurs when

• A) one player has a strategy that yields the highest payoff independent of the other player's choice.
• B) both players have a strategy that yields the highest payoff independent of the other's choice.
• C) both players make the same choice.
• D) the payoff to a strategy depends on the choice made by the other player.
• E) each player has a single strategy.

---

Definitions:

Disclose Information

The act of making information known or revealed, often in a formal or official capacity.

Subjective Test

A method of assessment where outcomes are influenced by the perspectives, interpretations, or judgments of the evaluator.

Agency Relationship

A relationship in which one party (the agent) agrees to act for or on behalf of another party (the principal), typically in business transactions.

Operation Of Law

The automatic application of law to certain actions and circumstances without the need for an agreement or court action.