Games:
A)only have one possible stable outcome.
B)may have noncooperative equilibriums that are positive-positive outcomes.
C)can only reach equilibrium if there is a dominant strategy present.
D)None of these are correct.

Question

Quizplus · Accepted Answer

Games may have noncooperative equilibriums that are positive-positive outcomes. This is because in a noncooperative equilibrium, each player is doing the best they can given the actions of the other players. If all players are doing the best they can, then the outcome must be a positive-positive outcome.