Which of the Following Best Describes a Nash Equilibrium

question 147

Multiple Choice

Which of the following best describes a Nash equilibrium?

• A)An outcome from which one or both competitors can improve their position by adopting an alternative strategy.
• B)The unstable outcome of a repeated game.
• C)An outcome that is stable only because of credible threats.
• D)An outcome that both competitors see as optimal, given the strategy of their rival.

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Definitions:

Assessment Value

The dollar value assigned to a property for purposes of measuring applicable taxes or insurance premiums.

Investment Company

A business structure, such as a corporation or trust, dedicated to managing the combined investments of various investors in financial markets.

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.

Low-load Mutual Funds

Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.