How can multiple equilibria be identified, using the check mark method on a payoff table?
A)More than one cell has two checks, and those cells represent equilibria.
B)There is a check in more than one cell, each check indicating an equilibrium.
C)Multiple cells have no checks, and those cells are the equilibria.
D)A check is put in a cell if both players have agreed to take that action.

Question

Quizplus · Accepted Answer

In the check mark method for identifying equilibria in a payoff table, a cell receives a check if it represents a best response for both players. Multiple equilibria occur when more than one cell has two checks, indicating that each of those cells represents a situation where both players are choosing their best response given the other's choice.

How Can Multiple Equilibria Be Identified, Using the Check Mark