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Which of the Following Best Describes a Nash Equilibrium

Question 300

Multiple Choice

Which of the following best describes a Nash equilibrium?


A) An outcome from which one or both competitors can improve their position by adopting an alternative strategy.
B) The unstable outcome of a repeated game.
C) An outcome that is stable only because of credible threats.
D) An outcome that both competitors see as optimal, given the strategy of their rival.

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