When playing a game in which players are in direct competition with one another, it is best to ________ a pure strategy because the strategy is ________
A) use; predictable
B) use; unpredictable
C) avoid; predictable
D) avoid; unpredictable
C
You might also like to view...
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Multicollinearity among the independent variables in a linear regression model causes the heteroskedasticity-robust standard errors to be large.
Answer the following statement true (T) or false (F)
The value-added approach of calculating GDP:
A. is especially useful when thinking about services involved in the resale of existing goods. B. lets us break down the total value paid and see how much of it was created at each step of the production process. C. is an alternative, and equally valid, way of avoiding the problem of double-counting. D. All of these are correct.
In most business situations where firms compete, often they can escape the prisoner's dilemma and reach the most profitable outcome. Which of the following is a reason for this?
A) Firms engage in aggressive advertising to overcome the barriers to loyalty. B) Most games are one-shot games so firms learn from their mistakes. C) Most games are repeated games and firms can employ retaliation strategies against those who do not cooperate. D) Firms are constantly improving their products and anticipating changing consumer tastes.