Question: please explain the answer 1. A Nash equilibrium has the following properties [choose each that is always correct}: (a) The players maximize their joint utility.

please explain the answer

1. A Nash equilibrium has the following properties [choose each that is always correct}: (a) The players maximize their joint utility. (b) Each player does as well as possible, given her expectations. (e) Each player has (on average) correct expectations about what other players will do. ((1) No group of players can change their strategies and do strictly better

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