Choose the correct answer.A strategy AA is "dominant" for a player X if:A. Every outcome under strategy AA generates positive payoffs.B. Irrespective of any of the possible strategies chosen by the other players, strategy AA generates a higher payoff than any other strategy available to player X.C. Strategy AA is the best response to every strategy of the other player.D. Strategy AA contains among its outcomes the highest possible payoff in the game.E. Strategy AA is the best response to the best strategy of the other player.

A dominant strategy is that strategy that provides a higher payoff than anything else they could do,…

Answered: Choose the correct answer. A strategy…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Choose the correct answer.

A strategy AA is "dominant" for a player X if:

A. Every outcome under strategy AA generates positive payoffs.
B. Irrespective of any of the possible strategies chosen by the other players, strategy AA generates a higher payoff than any other strategy available to player X.
C. Strategy AA is the best response to every strategy of the other player.
D. Strategy AA contains among its outcomes the highest possible payoff in the game.
E. Strategy AA is the best response to the best strategy of the other player.

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