Use the following information to answer the Questions:

-Which of the following is a Nash equilibrium?
A) Player I selects choice A; player II selects choice A.
B) Player I selects choice A; player II selects choice B.
C) Player I selects choice B; player II selects choice A.
D) Player I selects choice B; player II selects choice B.

Question

Use the following information to answer the Questions:

-Which of the following is a Nash equilibrium?
A) Player I selects choice A; player II selects choice A. 
B) Player I selects choice A; player II selects choice B. 
C) Player I selects choice B; player II selects choice A. 
D) Player I selects choice B; player II selects choice B.

Quizplus · Accepted Answer

In a Nash equilibrium, no player can benefit by changing their strategy while the other players keep their strategies unchanged. Choice B represents a situation where neither player can improve their outcome by unilaterally changing their choice, assuming the payoff matrix is structured in a way that supports this equilibrium.

Use the Following Information to Answer the Questions