A Dominated Strategy

question 77

Multiple Choice

A dominated strategy

• A) may be part of a Nash equilibrium.
• B) is never played.
• C) can be a best response.
• D) is always part of a mixed-strategy Nash equilibrium.

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Definitions:

Annually

Occurring once every year.

Income Summary Account

An account used in the closing process to summarize the period's revenues and expenses before transferring the net income or loss to retained earnings.

Owner's Capital Account

Represents the total equity or investment that the owner has in the business, including initial investment and subsequent profits or losses.

Balance

The amount of money or value remaining in an account after accounting for debits and credits.