An Equilibrium Occurs in a Game When

question 163

Multiple Choice

An equilibrium occurs in a game when

• A)price equals marginal cost
• B)quantity supplied equals quantity demanded
• C)all independent strategies counterbalance all determinate strategies
• D)all players follow a strategy that negates the strategies of at least one other player
• E)all players follow a strategy that they have no incentive to change

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Definitions:

Vestibule

An entrance or enclosed area leading to other spaces; in anatomy, it refers to spaces within the inner ear and other organs.

Stereocilia

Hairlike projections on the surface of certain cells, such as those in the inner ear, involved in mechanosensing.

Dynamic Equilibrium

A state of balance between continuing processes, often referring to the balance of substances in a biological system or to the balance of forces in a mechanical system.

Gelatinous Mass

A jelly-like substance, often found in the body as part of various structures or tissues.