Which of the following describes a Nash equilibrium?

Question

a. A firm chooses its dominant strategy, if one exists.

b. Every competing firm in an industry chooses a strategy that is optimal given the choices of every other firm.

c. Market price results in neither a surplus nor a shortage.

d. All firms in an industry are earning zero economic profits.

Emad Mohammed said abdalla · Answer

The correct answer was: b. Every competing firm in an industry chooses a strategy that is optimal given the choices of every other firm..

Sashikanta Mohapatra · Answer

The right option is the2nd option...Option B.

Georges Aref Chaoul · Answer

(B) Thank You.

Muhammad Hamid Munir PMP · Answer

Option B is my answer for this question

khaled elkholy · Answer

Agree with Mr emad...................

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

Option (B) ------------------------

Khaled Anwar · Answer

The answer is : Option ( B )

Ahmed Mohamed Ayesh Sarkhi · Answer

Option " B" Is My Answer .....

Salvatore Augello · Answer

that's B _____________________________________