Nash Equilibrium is stable:

A. They involve dominant strategies

B. They involves constant-sum games

C. Once the strategies are chosen, no player has an incentive to deviate unilaterally from them

D. None of the above

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  1. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  2. The production function can convey to a firm:
  3. The demand of the necessities is:
  4. If two goods are perfect substitutes then IC will be:
  5. If X and Y are close substitutes, a rise in the price of X will lead to:
  6. In market sharing cartel model, cartel determines the shares of:
  7. Production function relates:
  8. In monopolistic competition, if a firm lowers its price, the rival firms will:
  9. At the point where the straight line from the origin is tangent to the TC curve, AC is:
  10. In repeated game, the Prisoners Dillemma can have a:
  11. Marginal utility (MU) always:
  12. Monopolistic firm can fix:
  13. In non-constant sum game (non-zero sum game), if there are two parties then:
  14. Production is a function of:
  15. A monopolist will fix the equilibrium output of his product where the elasticity of his average revenue…
  16. In case of monopoly, when total revenue is maximum:
  17. In monopolistic competition, the cost curves of all firms are:
  18. The firm is said to be in equilibrium when the difference between revenue and cost is:
  19. An indifferent curve shows:
  20. To attain maximum profits during short-run a firm should produce the output that will:
  21. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  22. The number of sellers in oligopoly are:
  23. We can measure consumers surplus with the help of
  24. If the price of coffee increases, you would predict that:
  25. Stable cobweb model is a:
  26. In the case of a normal goods, the income effect:
  27. In substitution effect, we:
  28. The kink demand curve faced by an oligopolist is based on the assumption that:
  29. When AC curve falls, MC curve falls:
  30. If there are many producers, each of whom has an individual production possibility curve, then the lowest…