Which Statement Is TRUE

question 142

Multiple Choice

Which statement is TRUE?

• A) The Nash equilibrium always maximizes social welfare.
• B) Coordination games will always minimize total costs.
• C) Coordination games always result in a Nash equilibrium outcome.
• D) There is only one Nash equilibrium outcome for each coordination game.

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Definitions:

Necessarily True

A statement or proposition that cannot be false under any circumstances.

Probably True

A statement or belief that is likely to be accurate or correct, based on the available evidence.

Trustworthy Advice

Reliable and credible guidance that can be depended upon for making decisions.

Experienced

Having knowledge or skill in a particular area as a result of direct involvement or participation.