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Chris Stansberry
on Nov 26, 2024

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If one player in a game has a dominant strategy, the other player must also have a dominant strategy.

Dominant Strategy

A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.

  • Familiarize yourself with the notions of Nash equilibrium, dominant strategy, and sequential games in the setting of oligopoly.
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Donminique WrightNov 30, 2024
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