Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 65, Problem 2MCQ
To determine
To choose: The option that is true for a Nash equilibrium.
Expert Solution & Answer
Answer to Problem 2MCQ
Correct option is B, i.e., neither player wants to independently change his or her strategy.
Explanation of Solution
Nash equilibrium states that each player in a game selects an action that will maximize the payoff, given the actions of other players in the game. This is also known as non-cooperative equilibrium.
Therefore, the correct option is B - neither player wishes to independently change strategy.
Chapter 65 Solutions
Krugman's Economics For The Ap® Course
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