Complete the Statement to Illustrate the Given Property $2 \cdot 1 =$

question 87

Multiple Choice

Complete the statement to illustrate the given property.
- $2 \cdot 1 =$ _________ Multiplicative identity property

• A) 1
• B) -2
• C) 2
• D) -1

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Definitions:

Cournot Model

An economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide upon independently and at the same time.

Dominant Strategy

A strategy in game theory that yields the best outcome for a player, regardless of the strategies chosen by other players.

Dominant Strategy

A strategy in game theory that is the best for a player to follow, regardless of what the opponent does.

Maximin Strategy

A decision-making rule used in uncertain situations, aiming to select the option with the least possible loss or the maximum of the minimum gains.