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Author Question: Which of the following is true of a Nash equilibrium? A) A game can have only one Nash ... (Read 184 times)

serike

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on: Jun 29, 2018
Which of the following is true of a Nash equilibrium?
 
  A) A game can have only one Nash equilibrium.
  B) No player can improve his payoff by changing his strategy once in Nash equilibrium.
  C) A Nash equilibrium cannot occur if each player is aware of the strategies of other players.
  D) A Nash equilibrium occurs if each player earns a zero payoff irrespective of the strategy he chooses.

Question 2

Which of the following occurs when an economic activity has a spillover benefit on third parties not engaged in the activity?
 
  A) An economic profit
  B) A positive externality
  C) A gain in producer surplus
  D) A gain in consumer surplus


scrocafella

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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