Nash Equilibrium

Per (Liberto) the Nash Equilibrium is a component of game theory. It asserts that no player will deviate from such option/strategy. It is a stable and sustainable outcome.

It was devised by 1994 Nobel Prize for Economics winner John Nash.

Work cited:
Liberto, Daniel. “Cournot Competition.” Investopedia, 31 Oct. 2021, www.investopedia.com/terms/c/cournot-competition.asp.