When the Player of a Game Chooses a Dominant Strategy

question 139

Multiple Choice

When the player of a game chooses a dominant strategy:

• A)it is the best strategy only if other players are cooperative.
• B)it always leads to a Nash equilibrium that makes all players equally well off.
• C)the game can never reach a Nash equilibrium.
• D)it is the best strategy regardless of choices made by other players.

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Definitions:

Cultural Obstacles

Barriers that stem from cultural differences and prevent or hinder progress in understanding, social integration, and economic development.

Long-Term Earnings

The accrued amount of income that an entity is expected to generate over an extended period, often considered in terms of years or over the entity's lifespan.

Direct Foreign Investment

A financial commitment by an individual or company within one country towards business endeavors in a different country, either through initiating business activities or purchasing business assets.

Economic Growth

A growth in the ability of an economy to generate goods and services over different time periods.