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    Microeconomics Study Set 43
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    Exam 15: Monopolistic Competition and Oligopoly
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    When a Nash Equilibrium Is Reached
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When a Nash Equilibrium Is Reached

Question 1

Question 1

Multiple Choice

When a Nash equilibrium is reached:


A) the outcome will only change if the "lead" player changes strategy.
B) no one has an incentive to break the equilibrium by changing strategy.
C) it must be true that all players have a dominant strategy.
D) None of these is true.

Correct Answer:

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