Refer to the figure below. In this game, the dominated strategy for Player A: 

A. will depend on Player B's move.
B. is to play down.
C. is to play up.
D. is to cooperate with Player B.


Answer: B

Economics

You might also like to view...

"Everybody has a comparative advantage in something." Do you agree or disagree? Why?

What will be an ideal response?

Economics

Which of the following is true in the short run at the output level where average total cost is at its minimum?

a. Marginal cost equals average total cost. b. Average variable cost equals fixed cost. c. Marginal cost equals average variable cost. d. Average total cost equals average fixed cost. e. Average total cost equals average variable cost.

Economics

Conventional budget accounting practices tend to overstate deficits in inflationary periods because they

a. ignore the inflation tax. b. confuse repayment of principal with real interest expenditures. c. double count some expenditures. d. understate real interest rates.

Economics

When Argentines increase their savings in U.S. dollars, the U.S. money:

A. demand curve shifts left. B. supply curve shifts left. C. supply curve shifts right. D. demand curve shifts right.

Economics