For a Nash Equilibrium to Exist,at Least One Player Must

question 26

True/False

For a Nash equilibrium to exist,at least one player must have a dominant strategy.

---

Definitions:

Cancellation

Cancellation refers to the act of terminating or ending a contract, an agreement, or a service before it is completed or takes effect.

Initial Investment

The amount of money used to start a project, purchase an asset, or initiate an investment.

Capital

Financial assets or resources that individuals, companies, or governments use to fund their operations or invest.

Profits

The financial gain realized when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.