A Dominant Strategy Is One Where One Firm Picks

question 13

Multiple Choice

A dominant strategy is one where one firm picks

• A)a strategy only after seeing the other firm's decision.
• B)a strategy that must be repeated.
• C)a strategy no matter what the rival does.
• D)the same strategy as the rival.

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Definitions:

Buyer

An individual or entity that purchases goods or services from another for a price.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal amount every six months, affecting subsequent interest calculations.

Accrued Interest

Interest that has been earned but not yet paid or received.

Principal

The original sum of money borrowed in a loan, or the original amount invested, excluding any interest or dividends.