A dominant strategy
A. results in the best outcome for a player if other players also play the same strategy.
B. is the best strategy for a player, regardless of the strategy chosen by other players.
C. is present in every game.
D. is identical to a Nash equilibrium.
Answer: D
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A. conducting open-market operations. B. changing interest rates. C. changing bank reserve requirement ratios. D. changing the Federal Reserve discount rate.
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Indicate whether the statement is true or false
Which of the following is an obstacle that would reduce the likelihood of effective collusion among oligopolists?
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Answer the following statement true (T) or false (F)