A noncooperative equilibrium is one in which:
A)the participants act independently,pursuing only their individual interests.
B)always results in a negative-negative outcome.
C)will only be reached if a dominant strategy exists for both players.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

A noncooperative equilibrium is one in which each participant acts independently, pursuing only their individual interests. This means that there is no cooperation or coordination between the players, and each player tries to maximize their own payoff without regard for the other player's payoff. The other statements are not necessarily true for all noncooperative equilibria.

A Noncooperative Equilibrium Is One in Which