$\frac{E}{E}$

$\frac{S}{E}$

$\frac{E}{E}$

$\frac{5}{E}$

$\frac{0}{2}$

A Nash equilibrium is an equilibrium in which:

no trade$-$offs are made by buyers and sellers.

the choice that each player makes is a best response to the choices other players are making.

maximum profits are earned by each player, due to cooperative decision making.

cooperation between market participants leads to self$-$serving but nonoptimal results.