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From the Economics chapter, we learnt that Nash Equilibrium is a situation where, given the strategies that everyone else is playing, no player can be better off by changing his strategy

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From the Economics chapter, we learnt that Nash Equilibrium is a situation where, given the strategies that everyone else is playing, no player can be better off by changing his strategy.

Do you think it is possible to achieve Nash Equilibrium in real life? (Other than the example of Prisoner's Dilemma.)

If yes, what kind of situations would these be in?

If no, what are the factors in that situation would prevent it from happening?

No two situations are the same, so please elaborate with examples and a payoff matrix if that helps illustrate your explanation!

Discuss and Elaborate in Essay/Report Format by providing reasons to support your argument (Minimum 500 words).