A Nash Equilibrium Occurs When

question 54

Multiple Choice

A Nash equilibrium occurs when:

• A)a unilateral move by a participant makes him better off.
• B)participants have an incentive to deviate from the equilibrium.
• C)no can move from the equilibrium and improve the outcome.
• D)cheating by participants ensures better payoffs.

---

Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after all expenses have been deducted.

Net Sales

The revenue from sales transactions after deductions for returns, allowances, and discounts have been made.

Profit Margin

A financial metric that measures the percentage of revenue remaining after all expenses have been deducted from sales.

Operating Income

Income generated from regular business operations, excluding expenses such as taxes and interest payments.