Consider an outcome in which it is impossible to make one player better off without simultaneously making the other player worse off.We can conclude that this outcome
A) cannot be a Nash equilibrium.
B) must be Pareto optimal.
C) will not occur when the players use mixed strategies.
D) is a Stackelberg equilibrium.

Question

Quizplus · Accepted Answer

This is the definition of a Pareto optimal outcome, where no player can be made better off without making the other player worse off. It may or may not be a Nash equilibrium, depending on the specific game and strategies. It is also possible to have a Pareto optimal outcome when players use mixed strategies. It is not necessarily a Stackelberg equilibrium, as this refers to a specific form of game where one player moves first and the other player moves second with full knowledge of the first player's move.

Consider an Outcome in Which It Is Impossible to Make