The Following Figure Depicts Four Simultaneous-Move Games

question 146

Multiple Choice

The following figure depicts four simultaneous-move games. The first element of each payoff cell is the payoff to Player A, and the second element is the payoff to Player B.

-Refer to the figure above.In which of these simultaneous-move games,do both players A and B have a dominant strategy?

• A) (1)
• B) (2)
• C) (3)
• D) (4)

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Definitions:

Deceptive Pricing

A misleading marketing practice where prices are presented in a way that may confuse or mislead consumers about the actual cost.

Consumer Goods Pricing Act

Legislation aimed at regulating the pricing of consumer goods to prevent unfair practices and protect consumers, although specific details can vary by jurisdiction.

Sherman Act

A foundational antitrust law passed in 1890 in the United States, aimed at prohibiting monopolies and promoting competition.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition, deceptive acts, and regulate antitrust practices.