when participants in a game choose the actions that represent a nash equilibrium,1) no single...

Question

when participants in a game choose the actions that represent a nash equilibrium,1) no single participant has an incentive to change its action.2) each
 participant has chosen the best action possible, given what 
the others have chosen. 3) no other set of actions could make ALL 
participants better off.4) both a and b.5) all of the above

David · Accepted Answer

When participants in a game choose the actions that represent a nash equilibrium, 
1) no single participant has an incentive to change its action. 
2) each participant has chosen the best action possible, given what the others have 
chosen.

when participants in a game choose the actions that represent a nash equilibrium, 1) no single participant has an incentive to change its action. 2) each participant has chosen the best action...

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