If Neither Player Has an Incentive to Deviate from the Outcome

question 351

True/False

If neither player has an incentive to deviate from the outcome of a game, the outcome is a Nash equilibrium.

---

Definitions:

Proprietorship

A business owned and operated by a single individual, where the owner and the business are legally considered the same entity.

Neighborhood Barber Shop

A locally-operated business that provides hair cutting and grooming services primarily for male clients in a specified area.

Owner

The individual or entity that holds the legal right or title to an object, property, or enterprise.

Partnership

A legitimate arrangement for conducting business that necessitates shared managerial responsibilities and profits among multiple partners.