A nash equilibrium, A Nash equilibrium is said to occur

A nash equilibrium

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Reference no: EM13795674

A Nash equilibrium is said to occur when,

a. a firm’s decision is its best response given what its competition is doing

b. a competing firm changes its strategy to make more profits while its competitors keep their strategies unchanged.

c. only one firm has an incentive to unilaterally deviate from its pricing option.

Reference no: EM13795674

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