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Justin Farmer
on Nov 26, 2024

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A player is said to have a dominant strategy when one of the options available is superior, regardless of what strategy the other player chooses.

Dominant Strategy

In a strategic interaction (game) between two or more players, a course of action (strategy) that a player will wish to undertake no matter what the other players choose to do.

  • Understand the concepts of Nash equilibrium, dominant strategy, and sequential games within the context of oligopoly.
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shivam aroraNov 29, 2024
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