Andre Agassi, a star tennis player, is playing the number one player in the world, Roger Federer
Before the match, Agassi decided that he would serve 20 percent of his serves to Federer's backhand, 30 percent of his serves to Federer's forehand, and 50 percent of his serves straight at Federer. In the language of game theory, this is known as: A) a pure strategy.
B) a dominant strategy.
C) a mixed strategy.
D) a maximin strategy.
C
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We assume that in the short run in a perfectly competitive market firms:
A. can enter and exit the market. B. can enter, but not exit the market. C. can exit, but not enter the market. D. cannot enter or exit the market.
When investors use borrowed funds to pay for investments, it's called:
A. leveraging. B. tulip mania. C. hedging. D. herding.
The process of buying financial assets to stimulate the economy when the central bank target interest rate is near or at zero and the interest rate cannot be lowered further is called:
a. bond-trading. b. quantitative bidding. c. open market purchase. d. quantitative easing. e. open market sale.
A concentration ratio of 100 would imply that the industry has ___________.
A. one firm B. no more than four firms C. at least four firms D. more than four firms