Socially Optimum Equilibrium Quantity Practice Test

results in a smaller payoff than any other strategy regardless of the strategies chosen by any other players.

results in a larger payoff than any other strategy except when another player has a dominant strategy as well.

results in a larger payoff than any other strategy regardless of the strategies chosen by any other players.

never results in a Nash equilibrium.

results in a smaller payoff than any other strategy except when another player has a dominant strategy as well.