Which of the following is true for a Nash equilibrium of a two-player game? A) T

Question

Which of the following is true for a Nash equilibrium of a two-player game?
A) The joint payoffs of the two players are highest compared to other strategy pairs.
B) Given another player's strategy stipulated in that Nash equilibrium, a player
cannot improve his welfare by changing his strategy.
C) A Nash equilibrium is always unique in real world problems.
D) Given another player's strategy stipulated in that Nash equilibrium, a player
cannot improve his welfare by changing his strategy and a Nash equilibrium is
always unique in real world problems.

Explanation / Answer

b) Given another player's strategy stipulated in that Nash equilibrium, a player cannot improve his welfare by changing his strategy.

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