When There Is No Equilibrium (Or No Nash Equilibrium),we Expect

question 33

Multiple Choice

When there is no Equilibrium (or no Nash Equilibrium) ,we expect that:

• A) the firms end up in the cooperative strategy.
• B) a firm will follow a randomized strategy.
• C) a firm will not care what it does.
• D) a firm will very likely have a dominant strategy.

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Definitions:

Interest

The expense associated with taking out a loan, usually represented as a yearly percent of the total loan value.

Years

A measurement of time equal to 365 days (or 366 days in a leap year), used to denote the duration or age of something.

Insurance Annuity

An insurance product that pays out income, typically used as a retirement strategy to provide individuals with a steady income in their post-work years.

Rate of Return

Net profit or net loss from an investment during a specified time span, presented as a percentage of the investment's initial financial input.