A Nash Equilibrium

Multiple Choice

A Nash equilibrium:

A) Results in a payoff that is no lower than any other payoff, regardless of the strategies adopted by the other players.
B) Results in the largest payoff for both players.
C) Occurs when each player adopts a strategy that he or she believes is the best response to the strategy adopted by a rival.
D) Results in the best of the worst possible payoffs.
E) Results in the lowest opportunity loss for all players.