In game theory, a Nash equilibrium is defined as: A) the dominant str

In game theory, a Nash equilibrium is defined as:

A) the dominant strategy of each player.
B) a set of strategies for which all players are choosing their best strategy, given the actions of the other players.
C) the set of strategies that result in the maximum payoff to each player.
D) the set of strategies chosen when the players in a game can cooperate with each other.

ANSWER

B