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Author Question: In a game, a dominated strategy is one where: a. It is always the best strategy b. It is always ... (Read 73 times)

Zoey63294

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on: Jul 1, 2018
In a game, a dominated strategy is one where:
 a. It is always the best strategy
  b. It is always the worst strategy
  c. It is the strategy that is the best among the group of worst possible strategies.
  d. Is sometimes the best and sometimes the worst strategy

Question 2

What is the payoff for each firm in this one-shot game?
 a. Both firms will earn 0
  b. Firm A will earn 50 and firm B will earn -10
  c. Firm A will earn -10 and firm B will earn 50
  d. Both firms will earn 25


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pocatato

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Zoey63294

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Reply #2 on: Jul 1, 2018
Correct answers!


pocatato

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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