Events a and B Are Mutually Exclusive $\cup$ B) = P(A)P(B)
C)P(A

question 70

Multiple Choice

Events A and B are mutually exclusive. Which of the following statements is also true?

• A)A and B are also independent.
• B)P(A \(\cup\) B) = P(A)P(B)
• C)P(A \(\cup\) B) = P(A) + P(B)
• D)P(A \(\cup\) B) = P(A) + P(B).

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Definitions:

Extensive Form

A representation of a game that displays the sequences of choices available to players, including their possible strategies and outcomes.

Nash Equilibrium

A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged, indicating optimal decision-making among competitors.

Preempted Entry

A strategy employed by existing firms in a market to deter new competitors from entering the market, often through barriers to entry or aggressive competitive practices.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep theirs unchanged; it represents a state of mutual strategy optimization.