Question

What is the term for when people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions

Answer 1

Answer:

A coordination failure.

Explanation:

A coordination failure is the term used for describing a situation when two or more people fail to reach a mutually beneficial equilibrium because they lack a way to synchronize their actions. Thus, a coordination failure simply occurs when two or more people or businesses are lacking coordination in their actions and as a result are unable to reach a mutually beneficial equilibrium or compromise.