When a Nash equilibrium is reached:

Question

Quizplus · Accepted Answer

A Nash equilibrium is reached when no player has an incentive to change their strategy, meaning they are all playing their best response to the other players' strategies. This makes it stable and unlikely to be disrupted by a single player changing their strategy. Therefore, statement A is true. Statement B is not true because the outcome can still change if any player changes their strategy, even if they are not the "lead" player. Statement C is also not necessarily true, as Nash equilibria can be reached even when there are no dominant strategies for any player.

When a Nash Equilibrium Is Reached