Dominant strategies
A) are always present in simultaneous games.
B) result in a prisoners' dilemma.
C) result in one firm winning and the other losing.
D) None of the above.
Correct Answer:
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Q5: In a static game, firms
A)compete multiple times
Q6: Common knowledge in game theory
A)is information known
Q7: One interesting feature of a prisoner's dilemma
Q8: Firms in an oligopolistic market _ because
Q10: A game includes
A)a strategy.
B)payoffs.
C)rules.
D)All of the above.
Q11: The term prisoners' dilemma refers to a
Q12: Which of the following is a simultaneous
Q13: When both firms have dominant strategies
A)the outcome
Q14: A dominant strategy
A)maximizes the joint profit of
Q31: A Nash equilibrium occurs when
A) players choose
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