A game has a Nash equilibrium when the two players' dominant strategies

Question

Quizplus · Accepted Answer

A Nash equilibrium occurs when each player's strategy is a best response to the other player's strategy. In other words, neither player has an incentive to deviate from their chosen strategy given the other player's strategy. The dominant strategy for each player is the one that yields the highest payoff regardless of what the other player does. A Nash equilibrium occurs when both players play their dominant strategies, and this results in both players receiving the payoff that corresponds to the cell where their dominant strategies intersect. Therefore, the correct answer is B, as the dominant strategies intersect at a specific cell in the payoff matrix.

A Game Has a Nash Equilibrium When the Two Players