A dominant strategy can best be described as:
A) a strategy taken by a dominant firm.
B) the strategy taken by a firm in order to dominate its rivals.
C) a strategy that is optimal for a player no matter what an opponent does.
D) a strategy that leaves every player in a game better off.
E) all of the above

Question

Quizplus · Accepted Answer

A dominant strategy is a strategy that is optimal for a player no matter what an opponent does. It is not necessarily taken by a dominant firm, nor is its purpose to dominate rivals. Additionally, a dominant strategy may not leave every player in a game better off, as it is focused on maximizing the payoff for the individual player.

A Dominant Strategy Can Best Be Described As