Author Question: In a coordination game, a Nash equilibrium occurs when a. each player ignores the strategy of the ... (Read 117 times)

Alygatorr01285 · **on:** Jun 30, 2018

In a coordination game, a Nash equilibrium occurs when
a. each player ignores the strategy of the other player
b. each player chooses no strategy, but maintains the status quo
c. each player chooses the same strategy
d. one player can improve the outcome by changing strategy
e. None of the answers is correct.

Question 2

When a resource is an open-access resource,
a. each individual in the society owns it
b. the group owns it
c. no one owns it
d. the government owns it
e. some nonprofit agency owns it