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In game theory, a Dominant Strategy is defined as a strategy that:

AIs optimal only if the competitor cooperates
BMaximizes joint payouts for all players combined
CGuarantees zero loss under all conditions
DYields the best outcome for a player regardless of what the competitor chooses

Explanation

A strategy is dominant if it maximizes a player’s payoff no matter what action the rival player selects.

Submitted by: mcqstutor Team More Economics MCQs →

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