If the Maximin and Minimax Values Are Not Equal in a Two-Person

question 12

Multiple Choice

If the maximin and minimax values are not equal in a two-person zero-sum game,

• A)a mixed strategy is optimal.
• B)a pure strategy is optimal.
• C)a dominated strategy is optimal.
• D)one player should use a pure strategy and the other should use a mixed strategy.

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Definitions:

Arms Race

An escalating competition between two or more states to possess superior military capabilities, often leading to increased spending and development of new weapons.

Fisheries Management

The regulation and supervision practices aimed at preserving fish stocks and marine habitats to ensure sustainable use and conservation of aquatic resources.

Distinct Group

A set of individuals or entities that are clearly differentiated from others by specific characteristics, such as cultural, professional, or demographic traits.

Individual Transferable Quota (ITQ)

A regulatory tool used in fisheries management that limits the total catch and allocates specific quotas to individuals which can be traded.