In a Two-Player Simultaneous Game,if Player a Has a Dominant

question 31

Multiple Choice

In a two-player simultaneous game,if player A has a dominant strategy and player B does not,player B will

• A) employ a mixed strategy.
• B) choose his best strategy assuming that player A plays her dominant strategy.
• C) not achieve a Nash equilibrium.
• D) assume that player A does not choose her dominant strategy.

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Definitions:

Value Chain

A model that describes the full range of activities needed to create a product or service, from conception through distribution and after-sales service.

Overall Strategy

A comprehensive plan that outlines an organization's major goals and how it plans to achieve them over a long period.

Primary Activities

Activities in the value chain that are directly involved in the creation of a product or service, transformation, delivery, and after-sales service.

Information Management

The process of collecting, storing, managing, and distributing information in an effective and secure manner.