Question

The players in a two-person game are choosing between Strategy X and Strategy Y. If the second player chooses Strategy X, the first player's best outcome is to select X. If the second player chooses Strategy Y, the first player's best outcome is to select X. For the first player, Strategy X is called a
a.
cartel strategy.

b.
repeated-trial strategy.

c.
dominant strategy.

d.
collusive strategy.

Answer 1

Answer:

The answer is option C: dominant strategy

Step-by-step explanation:

As per the given scenario, for the first player, Strategy X is called a dominant strategy.

A strategy is called dominant in any game, when that particular strategy earns a player a larger share of points or playoffs as compared to other players and this does not depend on what other players are selecting or doing.

If one strategy is dominant then all other players and strategies are dominated.