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Practical Management Science

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which choice is ALWAYS TRUE for a pure Nash equilibrium of a two-person nonzero-sum game?
No player can improve his payoff with a unilateral change of strategy.
It is a Pareto maximum of the payoff matrix.
No player can worsen the payoff of his opponent with a unilateral change of strategy.
O It gives worse payoffs to both players than any Berge equilibrium.
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