Which of the following statements about Nash Equilibria in a two-player one-shot simultaneous game is FALSE? O If one player has a dominant strategy, a Nash Equilibrium is guaranteed. O If both players have a dominant strategy, a Nash Equilibrium is guaranteed. A Nash Equilibrium is conditional on at least one player having a dominant strategy. It is possible for a game in pure strategies to not have a Nash Equilibrium. O It is possible for a two-person game to have more than two Nash Equilibria.
Which of the following statements about Nash Equilibria in a two-player one-shot simultaneous game is FALSE? O If one player has a dominant strategy, a Nash Equilibrium is guaranteed. O If both players have a dominant strategy, a Nash Equilibrium is guaranteed. A Nash Equilibrium is conditional on at least one player having a dominant strategy. It is possible for a game in pure strategies to not have a Nash Equilibrium. O It is possible for a two-person game to have more than two Nash Equilibria.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Which of the following statements about Nash Equilibria in a two-player one-shot simultaneous game is FALSE?
O If one player has a dominant strategy, a Nash Equilibrium is guaranteed.
O If both players have a dominant strategy, a Nash Equilibrium is guaranteed.
O A Nash Equilibrium is conditional on at least one player having a dominant strategy.
O It is possible for a game in pure strategies to not have a Nash Equilibrium.
It is possible for a two-person game to have more than two Nash Equilibria.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F79f5d877-7521-4f59-81b3-559c6a830795%2F846f55be-4312-42ca-9348-d3762df95f91%2Fqtu9emc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements about Nash Equilibria in a two-player one-shot simultaneous game is FALSE?
O If one player has a dominant strategy, a Nash Equilibrium is guaranteed.
O If both players have a dominant strategy, a Nash Equilibrium is guaranteed.
O A Nash Equilibrium is conditional on at least one player having a dominant strategy.
O It is possible for a game in pure strategies to not have a Nash Equilibrium.
It is possible for a two-person game to have more than two Nash Equilibria.
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