If an adult plays tic-tac-toe with another adult typically the ...

[altibaby]

If an adult plays tic-tac-toe with another adult typically the result is that neither player wins. However, when adults play small children they are usually successful in beating them.
 
  How is it that there could be Nash equilibrium in the first case and not the second?

Question 2

Refer to Figure 5-4. What is the deadweight loss from producing at the market equilibrium?
 
  A) area D B) area E C) area C D) area F

[AmberC1996]

Answer to Question 1

Even though the solution is known to one player it is not known to all players in the case where an adult is playing a child.

Answer to Question 2

B

[altibaby]

Thanks for the timely response, appreciate it

[phuda]

Great answer, keep it coming