One way to describe the Nash equilibrium is as a:
A)mutual best response.
B)firstmover advantage.
C)quid pro quo.
D)unilateral deviation.

Name: One way to describe the Nash equilibrium is as a: A)mutual best response. B)firstmover advantage. C)quid pro quo. D)unilateral deviation.
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Question

One way to describe the Nash equilibrium is as a:
A)mutual best response.
B)first­mover advantage.
C)quid pro quo.
D)unilateral deviation.

Quizplus · Accepted Answer

The Nash equilibrium is a situation where each player's strategy is a best response to the other players' strategies. Therefore, it is a mutual best response.

One Way to Describe the Nash Equilibrium Is as A