AP MicroeconomicsMarket Structures
Nash Equilibrium
Nash Equilibrium is a stable state of a game where no player can improve their payoff by unilaterally changing their strategy.
In a Nash Equilibrium, each player's strategy is optimal given the strategies of the other players. No player can benefit by changing their strategy while the other players keep theirs unchanged. Nash Equilibria can occur in non-cooperative games with two or more players.