Games:
A)don't need a dominant strategy present in order to reach an equilibrium outcome.
B)may have noncooperative equilibriums that are positive-positive outcomes.
C)may have several stable outcomes.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

All three statements are true. Games do not necessarily require a dominant strategy to reach an equilibrium outcome - this can be achieved even in the absence of such a strategy. Games may also have multiple stable outcomes, including noncooperative equilibria that result in positive outcomes.