For Two Players in a Game, a Nash Equilibrium Is

question 18

Multiple Choice

For two players in a game, a Nash equilibrium is different from a dominant strategy in that:

• A) the outcome in the Nash equilibrium may not be the best outcome for either of the players.
• B) the Nash equilibrium always has unequal outcomes whereas the dominant strategy always has even outcomes.
• C) there is always only one Nash equilibrium, but there may be more than one dominant strategy.
• D) None of the answers is correct.

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Definitions:

Assets

Resources owned by a company or individual that have economic value and can be used to meet debts, commitments, or legacies.

Accounts Payable

This is the amount of money that a company owes to its suppliers or creditors as a result of purchasing goods or services on credit.

Retention Ratio

The segment of net earnings kept by a corporation instead of being paid out to its shareholders in the form of dividends.

Net Income

It represents the total earnings of a company after subtracting all expenses, taxes, and losses from the total revenue.