In game theory, a dominant strategy is one in which:

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A player's strategy leads to a sub-optimal outcome.

A player's strategy is determined by the strategy of the other player(s).

A player's strategy depends on whether the game is played a finite or an infinite number of times.

A player's strategy is independent of the choices made by the other player(s).

A certain sports team facing a downward sloping demand curve for tickets to its games sets a single price for them and does not price discriminate. The city imposes a binding price ceiling on this team's ticket prices. This decision by the city:

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A.Could lower ticket prices to consumers.

B.Could reduce the DWL associated with this team's monopoly power.

C. Both (a) and (b) are true.

D. Neither (a) nor (b) is true.

In the past six years in the NBA, the Golden State Warriors have won 3 titles, and the Toronto Raptors, Cleveland Cavaliers and the San Antonio Spurs have each won 1 title. The HHI (Herfindahl-Hirschmann Index) for championships in the NBA over this period would be:

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A.0.125

B.0.167

C.0.278

D. 0.333