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Author Question: Which of the following statements is the best description of a Nash equilibrium? (Read 64 times)

rissygurl1124

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on: Oct 12, 2022
Which of the following statements is the best description of a Nash equilibrium?
◦ An equilibrium outcome that is achieved by collusion, and no party has an incentive to change their behaviour.
◦ An outcome that is achieved when players in the game have jointly maximized profits and divided those profits according to market share of each player.
◦ An outcome where each player's best strategy is to maintain its present behaviour given the present behaviour of the other players.
◦ An outcome where each player's strategy depends on the behaviour of its opponents.
◦ An equilibrium outcome achieved by cooperation between players in the game.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by rissygurl1124 on Oct 12, 2022

zubair1583

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rissygurl1124

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

ashely1112

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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