Socially Optimum Equilibrium Quantity - AP Microeconomics

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Question

In a game with two or more players, a dominant strategy refers to a strategy that _________.

Answer

The definition of a dominant strategy is one that leads to the highest payoff for a particular player, regardless of what other players do.

Nash equilibrium can be achieved as the result of playing a dominant strategy, eliminating answer choice "never results in Nash equilibrium".

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Question

In a game with two or more players, a dominant strategy refers to a strategy that _________.

Answer

The definition of a dominant strategy is one that leads to the highest payoff for a particular player, regardless of what other players do.

Nash equilibrium can be achieved as the result of playing a dominant strategy, eliminating answer choice "never results in Nash equilibrium".

Compare your answer with the correct one above

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