If Neither Firm Has a Dominant Strategy,a Nash Equilibrium Cannot

question 51

True/False

If neither firm has a dominant strategy,a Nash equilibrium cannot exist.

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Definitions:

Phenomenon

An observable event or fact, especially one that is unusual, important, or otherwise notable.

Quantum Theory

A fundamental theory in physics that provides a description of the physical properties of nature at the scale of atoms and subatomic particles.

Graphic Representation

The use of visual elements, such as charts and graphs, to present data or information.

Phenomenon

An observable event or fact that can be scientifically described and investigated.