Question

A Nash equilibrium is A. reached when an​ oligopoly's market demand and supply intersect. B. reached when each player choose the best strategy for himself and for the group. C. an equilibrium comprising nonminus−dominant strategies only. D. reached when each player chooses the best strate

Answer 1

Answer:

B. reached when each player choose the best strategy for himself and for the group.

Explanation:

Nash equilibrium -

It is the type of method for a game , where there is no incentives or perks  involved in the game , so that the people do not divert from the main focus, is referred to as nash equilibrium.

This type of game is a type of fair competition , so that each and every person can show their actual potential , without being bias.

Hence , from the given statements the correct statement for nash equilibrium is b.