A two-player game has an equilibrium outcome
A)only if both players have dominant strategies
B)if neither player has a dominant strategy
C)whenever one player has a dominant strategy
D)only with tit-for-tat strategy
E)only with repeated trials

Question

Quizplus · Accepted Answer

An equilibrium outcome, specifically a Nash equilibrium, can occur when one player has a dominant strategy, as the other player will best respond to that strategy, leading to a stable outcome.

A Two-Player Game Has an Equilibrium Outcome