If strategy 1 weakly dominates strategy 2, which of the following must be true?
A) Strategy 1 is strictly better than strategy 2 when the opponent chooses strategy 1 and strictly better than strategy 2 when the opponent chooses strategy 2
B) Strategy 1 is just as good as strategy 2 when the opponent chooses strategy 1 and just as good as strategy 2 when the opponent chooses strategy 2
C) Strategy 1 is just as good as strategy 2 when the opponent chooses strategy 1 and strictly better than strategy 2 when the opponent chooses strategy 2

Question

Quizplus · Accepted Answer

If strategy 1 weakly dominates strategy 2, it means that strategy 1 is at least as good as strategy 2 in all scenarios, and strictly better in at least one scenario. Therefore, strategy 1 is just as good as strategy 2 when the opponent chooses strategy 1 (because both will result in equally good outcomes), but strictly better than strategy 2 when the opponent chooses strategy 2 (because strategy 2 can only match strategy 1 in the best-case scenario, but can do worse in other scenarios).

If Strategy 1 Weakly Dominates Strategy 2, Which of the Following