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Monopolistic Competition, Oligopoly, and Game Theory: End of Chapter Problems 10. Poker players are known to bluff once in a while, meaning that they will

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Monopolistic Competition, Oligopoly, and Game Theory: End of Chapter Problems 10. Poker players are known to bluff once in a while, meaning that they will make a large bet despite holding inferior cards in an effort to pressure other players to fold their hands. Would bluffing be considered a dominant strategy in poker? Yes, because it is the main strategy used by players. No, because if a player bluffs on every hand, other players will catch on and call his or her bluff. No, because bluffing is usually not successful and is therefore considered a secondary strategy. Yes, because it usually results in a winning hand. ncorrect Question Source: Chiang 4e - Economics Principles For A Changing World |Publisher: W JOC 2 O

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