Question: Which statement is correct? A Nash equilibrium occurs when each player chooses a strategy that gives the player the highest payoff. A Nash equilibrium occurs

Which statement is correct?

A Nash equilibrium occurs when each player chooses a strategy that gives the player the highest payoff.

A Nash equilibrium occurs when players don't know which strategy to play.

A Nash equilibrium occurs when each player chooses a strategy that gives the player the highest payoff, given the strategy chosen by the other player(s).

A Nash equilibrium occurs when no player has a best response.

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