Q.

What is a Nash equilibrium

A. a strategy for each player such that total payoffs are maximized
B. a strategy for a person such that the person maximizes payoff given the strategies of others
C. a strategy that maximizes payoff
D. a strategy for each person such that everyone maximizes payoff given the strategies of others
Answer» A. a strategy for each player such that total payoffs are maximized
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MicroEconomics, Theory and Applications 2

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