A Nash equilibrium occurs if all players in a game play their best strategies
A) before their competitors do.
B) given what their competitors do.
C) without knowing what their competitors do.
D) only if their competitors are unaware of their strategies.

Question

Quizplus · Accepted Answer

A Nash equilibrium occurs when all players in a game are playing their best strategies given what their competitors are doing, meaning each player's strategy is optimal considering the strategies of the others.

A Nash Equilibrium Occurs If All Players in a Game