All of the Following Statements Are True Except

question 54

Multiple Choice

All of the following statements are true except:

• A)In a Nash game, each player will have a dominant strategy.
• B)A Cournot equilibrium is an example of a Nash equilibrium.
• C)A Bertrand equilibrium is an example of a Nash equilibrium.
• D)A game can be both Nash and Cournot at the same time.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to use without preventing others from using them as well.

Withheld

The act of holding back or keeping something from happening or being known.

Pays

A term that likely refers to the act of giving money in exchange for goods, services, or to fulfill obligations, but without additional context, it's too generic to define specifically.

Public Good

A product or service that is provided without profit for the benefit of all members of a society, characterized by its non-excludability and non-rivalry in consumption.