If a strategy is a best response, then
A) it will never be played.
B) it will never be part of a Nash equilibrium.
C) A and B are correct.
D) it could be part of a Nash equilibrium.
D
Economics
You might also like to view...
The ability of a firm to raise the price without losing all its sales to rivals is called
a. market power b. social regulation c. economic regulation d. antitrust policy e. natural monopoly
Economics
Which of the following is a determinant of the price elasticity of demand for an item?
A) the availability of a close substitute for the item B) the percentage of a consumers budget allocated to expenditures on the item C) the amount of time available to adjust to a change in the price of the item D) All of the above are correct.
Economics