Multiple Choice
A strategy profile that is a focal-point equilibrium:
A) Is said to be self-fulfilling because the players recognize that it is in their best interest to adopt it.
B) Is the outcome of a coordination game because the players are attempting to implicitly coordinate their strategy choices to achieve a mutually beneficial outcome.
C) Because the players share a common understanding of the context within which the game is being played.
D) All of the above.
E) None of the above.
Correct Answer:
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