When players are better off using the same strategy rather than different strategies, economists refer to this as:
I. Nash equilibrium.
II. coordination game.
III. dominant strategy.
IV. prisoner's dilemma.
A) I only
B) II only
C) I and II only
D) I, II, III, and IV

Question

Quizplus · Accepted Answer

Nash equilibrium and coordination game are both situations where players are better off using the same strategy rather than different strategies.

When Players Are Better Off Using the Same Strategy Rather