In a dominant strategy equilibrium: Group of answer choices The players adopt strategies that maximise the joint payoffs to all players in the game Each player adopts a strategy that maximises the payoffs to all of the other players in the game Players adopt strategies that minimise the payoffs of their rivals Every player plays their dominant strategy None of the above
In a dominant strategy equilibrium: Group of answer choices The players adopt strategies that maximise the joint payoffs to all players in the game Each player adopts a strategy that maximises the payoffs to all of the other players in the game Players adopt strategies that minimise the payoffs of their rivals Every player plays their dominant strategy None of the above
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In a dominant strategy equilibrium:
Group of answer choices
The players adopt strategies that maximise the joint payoffs to all players in the game
Each player adopts a strategy that maximises the payoffs to all of the other players in the game
Players adopt strategies that minimise the payoffs of their rivals
Every player plays their dominant strategy
None of the above
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