A Nash equilibrium is a set of strategies that are mutual:
A)best responses.
B)dominant strategies.
C)Pareto optima.
D)all of the above.

Question

Quizplus · Accepted Answer

A Nash equilibrium is a set of strategies where each player's strategy is a best response to the other player's strategy. Therefore, choice A, best responses, is the correct answer. Dominant strategies refer to a strategy that is always the best choice for a player, regardless of the other player's strategy. Pareto optimality refers to a situation where no player can be made better off without making another player worse off, and it is not necessarily related to Nash equilibrium.

A Nash Equilibrium Is a Set of Strategies That Are