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depends off tie ouli play I s Stalogy . 2. Under a mixed strategy, a. players move sequentially. b. a player chooses among two or

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depends off tie ouli play I s Stalogy . 2. Under a mixed strategy, a. players move sequentially. b. a player chooses among two or more pure strategies according to pre-specified probabilities. c. the players may never reach a Nash equilibrium. d. players obtain lower payoffs than in a pure strategy equilibrium. 3. Which of the following is most consistent with the concept of a Nash equilibrium? a. A firm chooses its strategy with regard to pricing in collusion with another firm. b. A player optimizes his/her outcome in a game by making his/her choice only after the other player has made his/her choice. c. A firm makes its choice to optimize output without concerning itself as to what other firms are doing. d. The players always optimize their level of output and no other variable

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