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:

Autonomic Nervous System

is a part of the nervous system that controls involuntary bodily functions such as heartbeat, digestion, and breathing.

Sensory Nervous System

The part of the nervous system that processes input from sensory organs, enabling the perception of sight, sound, touch, taste, and smell.

Somatic Nervous System

The division of the peripheral nervous system that controls the body’s skeletal muscles. Also called the skeletal nervous system.

Parasympathetic Nervous

Part of the autonomic nervous system responsible for conserving energy and promoting restful states by slowing the heart rate and increasing intestinal and gland activity.