A Nash equilibrium can be identified on a payoff table when:
A)a check mark is put next to each player's best response, and there is a cell with a check mark for each player.
B)a check mark is put next to each player's best response, and there is a cell with no check marks in it.
C)one cell contains the highest gain for each player, although it may not be the player's best response.
D)each player has an equilibrium that is opposite that of the other player, so they are not in conflict.

Question

Quizplus · Accepted Answer

In a Nash equilibrium, each player chooses their best response given the other player's strategy. So, if a check mark is put next to each player's best response, and there is a cell with a check mark for each player, it means that each player is already choosing their best strategy given the other player's strategy, which is a Nash equilibrium.

A Nash Equilibrium Can Be Identified on a Payoff Table