A dominant strategy is:
A) when one strategy is chosen by a firm first and determines the best strategies of the other players that follow.
B) when one strategy is chosen and cannot be changed without making at least one of the players worse off.
C) when one strategy is always the best for a player to choose, regardless of what other players do.
D) None of these statements is true.
Correct Answer:
Verified
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A) buyers acting in unison against
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A)
Q134: When a Nash equilibrium is reached:
A) the
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A) easy to maintain since firms
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