Which of the Following Statements Is TRUE

question 76

Multiple Choice

Which of the following statements is TRUE?

• A)If a game has one or more Nash equilibria, then it's not really a game since the solution is known.
• B)A game can either have a Nash equilibrium or a dominant strategy solution.
• C)If a game has a Nash equilibrium, the game must have a dominant strategy solution.
• D)If a game has a dominant strategy solution, the solution must also be a Nash equilibrium.

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Definitions:

Irrevocable Offer

A rule that no consideration is necessary when a merchant agrees in writing to hold an offer open for the sale of goods. Also called firm offer.

Reaffirmation

A legal agreement to continue paying a dischargeable debt after bankruptcy, often to retain collateral or maintain a relationship with the creditor.

Merchant

An individual or business that is involved in the wholesale or retail sale of goods.