Binary Numbers Are Composed Entirely of

question 42

Multiple Choice

Binary numbers are composed entirely of

• A) 0s
• B) 1s
• C) 0s and 1s
• D) 0s, 1s and 2s
• E) any digits between 0 and 9

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Definitions:

Backward Induction

A method used in game theory and decision-making processes that involves reasoning backwards from the end of a problem or scenario to determine a sequence of optimal actions.

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.