In a game,a Nash equilibrium is reached only if the players ________.
A) understand the game and the payoffs associated with each strategy
B) follow a mixed strategy
C) use backward induction to develop their strategies
D) have no best response for the choices made by other players

Question

Quizplus · Accepted Answer

A Nash equilibrium is reached when players understand the game and the payoffs associated with each strategy, ensuring that no player has an incentive to deviate from their chosen strategy given the strategies of all other players.

In a Game,a Nash Equilibrium Is Reached Only If the Players