Test: AP Microeconomics

1.

In a game with two or more players, a dominant strategy refers to a strategy that _________.

results in a larger payoff than any other strategy regardless of the strategies chosen by any other players.

results in a smaller payoff than any other strategy regardless of the strategies chosen by any other players.

never results in a Nash equilibrium.

results in a smaller payoff than any other strategy except when another player has a dominant strategy as well.

results in a larger payoff than any other strategy except when another player has a dominant strategy as well.

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