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A Nash Equilibrium Is

Question 95

Multiple Choice
A Nash equilibrium is

A Nash equilibrium is


A) reached when an oligopoly's market demand and supply intersect.
B) reached when each player chooses the best strategy for himself and for the group.
C) reached when each player chooses the best strategy for himself, given the other strategies chosen by the other players in the group.
D) an equilibrium comprising non-dominant strategies only.

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