An Iron Triangle Is the

question 6

Multiple Choice

An iron triangle is the

• A)stable relationship between a bureaucratic agency, a clientele group, and a legislative committee.
• B)inability to reform federal rules without help from the House of Representatives, the Senate, and the president.
• C)domination of a few large companies in the regulation of iron mining and smelting.
• D)breakdown in the separation of powers between Congress, the federal judiciary, and the president.

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Definitions:

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

Nash Equilibria

Nash Equilibria are concepts in game theory where each player's chosen strategy maximizes their payoff, given the strategies chosen by other players, indicating no incentive to deviate unilaterally.

Maximin Strategy

A decision-making rule used in the face of uncertainty, prioritizing the maximization of the minimum possible payoff.

Credible Threat

A declaration or indication of intended action that is believable and likely enough to influence others' behaviors or decisions.