The benefit of a mixed strategy is
A)higher returns for both the players in the market.
B)lower risks for both the players in the market.
C)the element of consistency that baffles rivals.
D)the element of surprise that baffles rivals.

Question

Quizplus · Accepted Answer

The benefit of a mixed strategy is the element of surprise that baffles rivals. By using a mixed strategy, a player can vary their actions and avoid being predictable, leading to confusion for their opponent and potentially gaining an advantage. This can result in higher returns or lower risks, but ultimately the main benefit is the unpredictability and surprise factor.

The Benefit of a Mixed Strategy Is