Which of the following is most consistent with the concept of a Nash equilibrium?
A)A firm chooses its strategy with regard to pricing in collusion with another firm.
B)A player optimizes his/her outcome in a game by making his/her choice only after the other player has made his/her choice.
C)A firm makes its choice to optimize output without concerning itself as to what other firms are doing.
D)The players always optimize their level of output and no other variable.

Question

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The Answer of Which of the following is most consistent with the concept of a Nash equilibrium?
A)A firm chooses its strategy with regard to pricing in collusion with another firm.
B)A player optimizes his/her outcome in a game by making his/her choice only after the other player has made his/her choice.
C)A firm makes its choice to optimize output without concerning itself as to what other firms are doing.
D)The players always optimize their level of output and no other variable.

Which of the Following Is Most Consistent with the Concept