A Dominant Strategy

question 54

Multiple Choice

A dominant strategy:

• A)exists in every game.
• B)is the best one to follow no matter what strategy other players choose.
• C)is always the same for all players of a game.
• D)awards the highest achievable payoff in a game.

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Definitions:

Market Value

The immediate cost for transactions involving assets or services within a marketplace.

Book Value

The value of an asset according to its balance sheet account balance, calculated by subtracting any related depreciation or amortization from its original cost.

Capital Balance

The amount of money that partners or shareholders have invested in a business, not including profits and losses.

Income-Sharing Ratio

The ratio used by partnerships to distribute profits and losses among partners according to their agreement.