A best response is ________.
A) one player's optimal action choice irrespective of the action of the other player
B) one player's optimal action choice taking the other player's action as given
C) an action choice that always results in a zero payoff to the opponent
D) an action choice that results in equal payoffs to all the players in a game
Question 2
The question, What is really more efficient? could usefully be translated into the question:
A) What is the best long-term solution?
B) What will best promote social welfare?
C) What will produce the most economic value?
D) Who should have the right to decide?
E) What will produce the most rapid rate of economic growth?
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