Purchase Solution

Nash Equilibrium

Not what you're looking for?

Ask Custom Question

1. In a Nash equilibrium,

each player has a dominant strategy.

no players have a dominant strategy.

at least one player has a dominant strategy

players may or may not have dominant strategies.

the player with the dominant strategy will win.

2. Nash equilibria are stable because,

they involve dominant strategies.

they involve constant-sum games.

they occur in non-cooperative games.

once the strategies are chosen, no players have an incentive to negotiate jointly to change them.

once the strategies are chosen, no player has an incentive to deviate unilaterally from them.

Purchase this Solution

Solution Summary

Solution provides the correct options for the questions asked.

Solution provided by:
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
Recent Feedback
  • "Thank you"
  • "Really great step by step solution"
  • "I had tried another service before Brain Mass and they pale in comparison. This was perfect."
  • "Thanks Again! This is totally a great service!"
  • "Thank you so much for your help!"
Purchase this Solution

Free BrainMass Quizzes
Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.