If a firm is better off with a particular strategy regardless of what the other firm does,then it is called the firm's:
A)dominated strategy.
B)dominant strategy.
C)weakly dominated strategy.
D)winning strategy.

Question

Quizplus · Accepted Answer

A dominant strategy is a strategy that is always the best choice for a player, no matter what the other player does. A dominated strategy is a strategy that is never the best choice for a player, no matter what the other player does. A weakly dominated strategy may sometimes be the best choice, but there is always another strategy that is at least as good. "Winning strategy" is not a commonly used term in game theory. Therefore, B is the correct answer.

If a Firm Is Better Off with a Particular Strategy