A dominant-strategy equilibrium occurs when:
A)a player has no choice.
B)all players' action of choice is always best for them,regardless of the action of the other players.
C)each player makes the best choice given the choice of the other player.
D)no player is able to dictate the actions of any other player.

Question

Quizplus · Accepted Answer

In a dominant-strategy equilibrium, all players' action of choice is always best for them, regardless of the action of the other players. Therefore, the best choice is the one that is always optimal for the player, regardless of what the other players do.

A Dominant-Strategy Equilibrium Occurs When