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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.
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