In a Nash equilibrium,
A) each player has a dominant strategy.
B) no players have a dominant strategy.
C) at least one player has a dominant strategy.
D) players may or may not have dominant strategies.
E) the player with the dominant strategy will win.
D
Economics
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An exporter is said to be engaged in _______ if it _______ goods and services at a price _______ .
A) cut-throat competition: sells; below the price in the foreign market B) retaliation; buys; above the price in the foreign market C) dumping; sells; below the foreign costs of production D) dumping; sells; below its own production cost
Economics
A production possibilities curve determines the price at which goods trade
Indicate whether the statement is true or false
Economics