In a Non-Cooperative,imperfect Information,simultaneous-Choice,one-Period Game,a Nash Equilibrium

question 37

Multiple Choice

In a non-cooperative,imperfect information,simultaneous-choice,one-period game,a Nash equilibrium

• A) will never exist.
• B) will always include dominant strategies.
• C) will always result in both players taking the same action.
• D) may not maximize the sum of the firms' profits.

---

Definitions:

Depression

An emotional well-being disorder identified by a constant feeling of sadness or a disinterest in usual activities, leading to major disturbances in daily functioning.

Aaron Beck

An American psychiatrist and a professor emeritus in the department of psychiatry at the University of Pennsylvania, known for developing cognitive therapy.

Failing An Exam

The outcome of achieving a score below the required minimum to pass an academic or professional examination.

Obsessive-Compulsive Disorder

A mental disorder characterized by intrusive thoughts (obsessions) that produce uneasiness, apprehension, or worry, and repetitive behaviors (compulsions) aimed at reducing these feelings.