A Nash Equilibrium

question 107

Multiple Choice

A Nash equilibrium

• A)occurs when quantity demanded equals quantity supplied
• B)exists when each player in a game is taking its best action -- given the actions taken by the other players
• C)exists when each player in a game picks the collectively optimal strategy
• D)is a kind of equilibrium that exists only in an oligopoly
• E)is a kind of equilibrium that exists only in a duopoly

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