Find Any Modes That Exist $$\$ 83 , \$ 41 , \$ 32 , \$ 41 , \$ 29 , \$ 83$$

question 53

Multiple Choice

Find any modes that exist.
- $$\$ 83 , \$ 41 , \$ 32 , \$ 41 , \$ 29 , \$ 83$$

• A) No mode exists.
• B) \(\$ 83 , \$ 41\)
• C) \(\$ 83\)
• D) \(\$ 41\)

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Definitions:

Strategy

Rule or plan of action for playing a game.

Dominant Strategy

A strategy that yields the best outcome for a player, regardless of what strategies other players select.

Constant-Sum Game

A situation in game theory in which the total gains and losses among participants are always balanced, implying that one player's gain is another's loss.

Simultaneous-Move

Refers to games or decision scenarios where all players make their moves at the same time, without knowledge of the others' choices.