When participants in a game choose to take actions that result in a Nash equilibrium, A...
When participants in a game choose to take actions that result in a Nash equilibrium,
A no single participant has an incentive to change its action.
B each participant has chosen the best action possible, given what the others have chosen.
C no other set of actions could make ALL participants better off.
D all of the above
Homework Answers
"A"
None of the player will deviate unilaterally from the nash equilibrium or that will cause the player to lose in the market. the answer is "A".
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When participants in a game choose to take actions that result
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