In a strategic game, a Nash equilibrium is Group of answer choices a set of strategies...

In a strategic game, a Nash equilibrium is Group of answer choices a set of strategies (one for each player) that lead to the lowest total payoffs (summed across all players). a set of strategies (one for each player) that are mutual best responses to the other players' strategies. a strategy that mixes equally between all of the different available options. a strategy that gives a higher payoff than any other strategy, no matter what others choose.

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Expert Solution

Correct option: a strategy that gives a higher payoff than any other strategy, no matter what others choose.

Reason: In a strategic game, Nash equilibrium is the strategy set where in no player has an incentive to deviate from the given strategy, no matter what the other player chooses.

It is the best response strategy of each player.

Rahul Sunny answered 1 year ago

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