A dominant strategy can best be described as:

A. A strategy taken by a dominant firm

B. A strategy taken by a firm in order to dominate its rivals

C. A strategy that is optimal for a player no matter an opponent does

D. A strategy that leaves every player in a game better off

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Which of the following goods is most likely to be exchanged in a market of local rather than national…
  2. The nominal income of a consumer is income in terms of:
  3. Moving along the indifference curve leaves the consumer:
  4. In income effect, we:
  5. In terms of price, the indirect utility function may be:
  6. There is no difference between fixed and variable factors in the:
  7. The total utility (TU) curve is:
  8. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  9. The point where the supply and demand curves intersect on a graph determines:
  10. Price discrimination is possible:
  11. Substitution effect means a consumer
  12. Price mechanism has also given the name:
  13. The budget constraint equation of the firm is:
  14. Elasticity of demand is equal to unity while marginal revenue is:
  15. If a firm produces zero output in the short period then which statement is true?
  16. Marshallian approach is also known as:
  17. The economic problem of determining the combination of inputs yielding lowest cost for producing a given…
  18. The costs faced by the firm against fixed factors are:
  19. Perfect competition assumes:
  20. Cartel is associated with:
  21. An indifferent curve shows:
  22. Implicit costs are the costs:
  23. The law of demand is most directly a result of:
  24. Which is not an essential feature of a socialist economy?
  25. Entry of new firms into a competitive market will shift the supply curve of the:
  26. The greater the percentage of income spent on a commodity:
  27. If the price of Pepsi Cola goes down, you would predict:
  28. In Prisoner Dilemma, the best choice of strategy is:
  29. The main contribution of Prof. Lord Keynes is in the field of:
  30. Identify the author of The Social Framework: