Which of the Following Statements Is Not True

question 36

Multiple Choice

Which of the following statements is not true?

• A)Nash games cannot have more than one equilibrium.
• B)A game can be both Cournot and Nash.
• C)A game can be both Bertrand and Nash.
• D)Whenever both players have a dominant strategy in a Nash game, that strategy will determine the outcome.

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Definitions:

Fiscal Year

A fiscal year is a one-year period designated for accounting and financial reporting purposes, differing from the traditional calendar year.

Ledger

The principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.

Accounting Equation

A fundamental principle of accounting representing the relationship between a company's assets, liabilities, and equity (Assets = Liabilities + Equity).

Cash Refund

An amount paid by the seller to the buyer for merchandise that is defective, is damaged during shipment, or does not meet the buyer’s expectations.