A mixed strategy may
A) be part of a Nash equilibrium.
B) be a set of probabilities of selecting each possible action.
C) lead identical firms to choose different actions.
D) All of the above.

Question

Quizplus · Accepted Answer

A mixed strategy can be part of a Nash equilibrium, where each player randomizes their actions with some probability. It is a set of probabilities of selecting each possible action, and can lead identical firms to choose different actions if they are uncertain about their opponent's strategies. Therefore, all the options are correct.

A Mixed Strategy May