A dominant strategy is a strategy that:
A. describes a set of circumstances in which no player can improve her payoff by unilaterally changing her own strategy, given the other players' strategies.
B. results in the highest payoff to a player regardless of the opponent's action.
C. randomizes over two or more available actions in order to keep rivals from being able to predict a player's action.
D. guarantees the highest payoff given the worst possible scenario.
Answer: B
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The accompanying figure shows the production possibilities curve for the island of Genovia:
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