Where Are the Galápagos Islands

question 91

Multiple Choice

Where are the Galápagos Islands?

• A)off the west coast of Australia
• B)off the west coast of North America
• C)off the west coast of South America
• D)near Southeast Asia
• E)near the center of the south Atlantic Ocean

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Definitions:

Repeated Game

A strategic situation where the same game is played multiple times, allowing for strategy development based on prior outcomes.

Payoff Matrix

A table that shows the potential outcomes and payoffs resulting from different decisions or strategies in game theory.

Dominant Strategy

In game theory, a strategy that is the best choice for a player, regardless of the strategies chosen by other players.

Simultaneous Strategy

A tactic in game theory where players make their moves or decisions at the same time without knowledge of the others' choices, influencing outcomes in competitive situations.