A Cournot Equilibrium Is an Example of a Nash Equilibrium

question 4

True/False

A Cournot equilibrium is an example of a Nash equilibrium.

---

Definitions:

Bank

A financial institution licensed to accept deposits, offer loans, and provide other financial services such as currency exchange.

Population Size

The total number of individuals or inhabitants in a specified area or group.

Emigration

Or out-migration, is the outflow of people from one country and their settlement in one or more other countries.

Immigration

Or in-migration, is the inflow of people into one country from one or more other countries and their settlement in the destination country.