Multiple Choice
If a firm has a dominant strategy:
A) its optimal strategy depends on the play of rivals.
B) its optimal strategy is always the same, even if payoffs change.
C) it is determined by the behavior of only one key rival.
D) it receives the same profits regardless of the strategy of rivals.
E) its optimal strategy is independent of the play of rivals.
Correct Answer:

Verified
Correct Answer:
Verified
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