Which of the following statements is not true?
A)Nash games cannot have more than one equilibrium.
B)A game can be both Cournot and Nash.
C)A game can be both Bertrand and Nash.
D)Whenever both players have a dominant strategy in a Nash game, that strategy will determine the outcome.

Question

Quizplus · Accepted Answer

Nash games can have more than one equilibrium. In fact, some games may have multiple equilibria, and the players may choose to play different strategies depending on their beliefs about what the other player will do. This is known as the concept of "mixed strategy Nash equilibrium." Nash games can have multiple equilibria, including both pure strategy and mixed strategy equilibria.

Which of the Following Statements Is Not True