Reaching a Nash Equilibrium Means That

question 40

Multiple Choice

Reaching a Nash equilibrium means that:

• A)the players have reached a stable outcome where neither of you would wish to change your strategy once you find out what the other player is doing.
• B)the outcome will be positive-positive.
• C)a cooperative equilibrium has been reached.
• D)the players have failed to reach a stable outcome because one player will always wish to change his strategy once he finds out what the other player is doing.

---

Definitions:

Greenfield Operation

A greenfield operation involves a company starting a new venture from the ground up in a foreign country, rather than purchasing or partnering with an existing local company.

Subsidiary Company

A company that is owned or controlled by another company, which is referred to as the parent company.

Licensing

A business agreement in which one party allows another to use its brand, patent, or technology for a fee or royalty.

Turnkey Operations

A type of project that is constructed so that it can be sold to any buyer as a completed product or operation.