Choose the correct combination of words to fill the blanks in the following sentences explaining the conditions for Nash equilibrium to be established. Note that blanks with the same alphabet are filled with the same words.-----Rationality alone (A) guarantee that Nash equilibria are played. To play Nash equilibria, players need (B). One way that makes (B) is (C). If players can reach (D) in (C), they can play a Nash equilibrium.----- 1 pointA= does not , B = correct beliefs, C = pre-play communication, and D = self-enforcing agreement. 
 A= does not , B = unlimited capacity of reasoning, C = pre-play communication, and D= self-enforcing agreement. 
 A= does , B = unlimited capacity of reasoning , C = trial and error adjustment, and D= self-fulfilling prophecy. 
 A= does , B = correct beliefs, C = trial and error adjustment, and D= self- fulfilling prophecy.

Question 6Which of the following games has the property that Nash equilibrium is played when players are rational (in the sense that each player tries to maximize her/his own payoff)? 1 pointBattle of the Sexes Traffic gameCoordination Game Prisoner’s Dilemma

n general, rationality alone is insufficient for players to choose Nash equilibrium strategies. What additional condition assures that they play a Nash equilibrium? 1 pointUnlimited capacity of calculation. Players know the payoffs of all players. Trial and error adjustment. Each player has correct beliefs about the strategies of other players.

Consider a game represented by the following table. Which of the following statements is true? 1 pointThere is no Nash equilibrium. 
 In a Nash equilibrium, both players choose A. In a Nash equilibrium, both players choose B. In a Nash equilibrium, both players choose C. 4.Question 4Concerning the above question 3, which of the following statements is correct? 1 pointThis game is similar to the prisoner’s dilemma in that it has a better outcome than Nash equilibrium for all players.

31. What is the Nash equilibrium in game theory?Group of answer choicesThe point where all players are happy with their outcomes.The final round of a game where all players must reveal their strategies.A strategy where one player dominates all others.A situation where no player can improve their payoff by changing their strategy unilaterally.

onsider the following two-player game with three actions for each player. How many Nash equilibria are there? (If you are familiar with the concept of mixed strategies, do not count the mixed equilibria.)1 point12342.Question 2In the coordination game without correct beliefs, which of these can occur? 1 pointBelief disagreement may leads to non-Nash outcomes, and its realization is predictable. Belief disagreement may leads to non-Nash outcomes, and its realization is unpredictable.