A(n) ____ is a situation in which economic actors each choose their best strategy given the strategies that others have chosen.

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Nash equilibrium is defined as a situation where no player can gain anything by unilaterally changing their strategy as long as all other players' strategies remain the same. It is the best choice because it represents a stable solution in which all players have played their best possible strategy given their opponents' strategies. A socially optimal solution may not be achievable in all situations, and dominant strategies may not always lead to the best outcome in a game with multiple players. Disequilibrium refers to a situation where markets are not in balance, which is unrelated to game theory.

A(n) ____ Is a Situation in Which Economic Actors Each