Which of the Following Statements Is Incorrect

question 29

Multiple Choice

Which of the following statements is incorrect?

• A)A Nash equilibrium is a situation in which each player chooses their best strategy given the strategies chosen by the other players in the game.
• B)A Cournot equilibrium is an example of a Nash equilibrium.
• C)A Bertrand equilibrium is an example of a Nash equilibrium.
• D)A Nash equilibrium maximizes the aggregate payoffs of the players of the game.

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Definitions:

Growth Determinant

Factors that contribute to the economic expansion of a country, region, or industry, impacting productivity and development.

Cash Coverage Ratio

Cash coverage ratio is a financial metric that measures a company’s ability to pay its debt obligations with its operating cash flow.

Times Interest Earned

A financial ratio that measures a company's ability to cover its interest expenses with its earnings before interest and taxes.

Retained Earnings

The portion of a business's profits not distributed to shareholders as dividends but kept back in the company for reinvestment or to pay debt.