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
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
Which of the following statements is true of linkage?
A football game, in 1879, pits Yale against Princeton. The field was not lined or bounded, and play
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Vapour-liquid equilibrium acetone + water
What would be the appropriate equilibrium temperature of a system obtained by adding 25.0 g of ...