[Solved] Which of the following circumstances in an industry will result in a Nash equilibrium?

Q.	Which of the following circumstances in an industry will result in a Nash equilibrium?
A.	all firms have a dominant strategy and each firm chooses its dominant strategy
B.	all firms have a dominant strategy, but only some choose to follow it
C.	all firms have a dominant strategy, and none choose it
D.	none of the above is correct
Answer» A. all firms have a dominant strategy and each firm chooses its dominant strategy

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