Which of the following statements about games is true?
A)There is always only one possible outcome.
B)Noncooperative equilibriums are always negative-negative outcomes.
C)There may be several stable outcomes.
D)A dominant strategy must be present to reach a stable equilibrium.

Question

Quizplus · Accepted Answer

C is correct because in game theory, multiple equilibria can exist, including Nash equilibria, where no player has an incentive to deviate from their strategy given the strategies of the others. This allows for several stable outcomes in a game, depending on the initial conditions and strategies of the players.

Which of the Following Statements About Games Is True