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Sagot :
If the local fish market maintains a Nash equilibrium it is likely that Peter and Olga will obtain maximum possible profits .
Option D is correct .
What is Nash Equilibrium?
The Nash Equilibrium is a decision theorem in game theory that states that players can achieve their desired outcome by not deviating from their initial strategy. In a Nash equilibrium, each player's strategy is optimal given the other players' decisions.
Why is the Nash equilibrium stable?
A Nash equilibrium in a mixed strategy game is stable if a small change (especially a very small change) in a player's probability leads to a situation where two conditions are met. Players who didn't switch don't have a better strategy in the new situation
What is the best definition of profit?
Profit is the term used to describe the monetary profit that is generated when the income from a commercial activity exceeds the costs, expenses and taxes of maintaining that activity. Economic profit from the use of capital in each transaction. Compare gross profit and net profit.
Learn more about Nash equilibrium :
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