Which statement is TRUE?
A) The Nash equilibrium always maximizes social welfare.
B) Coordination games will always minimize total costs.
C) Coordination games always result in a Nash equilibrium outcome.
D) There is only one Nash equilibrium outcome for each coordination game.

Question

Quizplus · Accepted Answer

Coordination games typically have multiple Nash equilibria, but they always result in at least one Nash equilibrium outcome where players coordinate their strategies.

Which Statement Is TRUE