When a particular strategy produces a better outcome for a person regardless of the strategies others choose,we say it is a(n)________ strategy.
A) dominated
B) dominant
C) equilibrated
D) efficient
E) surplus-maximization

Question

Quizplus · Accepted Answer

A dominant strategy is one that produces the best outcome for a person regardless of the strategies chosen by others. Therefore, it is the best choice for the individual player. The other options - dominated, equilibrated, efficient, surplus-maximization - are not correct because they do not specifically refer to a strategy that produces the best outcome for an individual regardless of others' choices.

When a Particular Strategy Produces a Better Outcome for a Person