-Consider the noncooperative, one-time, static game depicted in Figure 2.17. P1 has _____ dominated strategy or strategies.
A) 0
B) 1
C) 2
D) 3

Question

-Consider the noncooperative, one-time, static game depicted in Figure 2.17. P1 has _____ dominated strategy or strategies.
A) 0 
B) 1 
C) 2 
D) 3

Quizplus · Accepted Answer

In a noncooperative, one-time, static game, a strategy is dominated if there exists another strategy that results in a better outcome regardless of the opponents' strategies. Without seeing Figure 2.17, we can't analyze the specific strategies and payoffs. However, if the statement is that P1 has 1 dominated strategy, it means that within the game's matrix, there is one strategy for Player 1 that is worse off for them no matter what the other player(s) choose. This is a common scenario in game theory where players can identify and eliminate inferior strategies to simplify their decision-making process.

-Consider the Noncooperative, One-Time, Static Game Depicted in Figure 2