When both players in a noncooperative, one-time, static game have strictly dominant strategies, the resulting strategy profile is:
A) A market equilibrium.
B) A game-theoretic stasis.
C) A strictly-dominant-strategy equilibrium.
D) Always a prisoner's dilemma.
E) All of the above.

Question

Quizplus · Accepted Answer

When both players in a noncooperative, one-time, static game have strictly dominant strategies, the resulting strategy profile is known as a strictly-dominant-strategy equilibrium. This means each player's choice is the best response to the other player's choice, regardless of what the other player does.

When Both Players in a Noncooperative, One-Time, Static Game Have