Is total welfare maximized in the Nash equilibrium? If not, suggest an outcome that would maximize total welfare, and compute the deadweight loss in the Nash equilibrium compared with your outcome.

Hello. More context would be needed to answer your question. however, I will try to help you in the best possible way.

Nash equilibrium is a concept that is literally linked to the execution of the plan that was established for the institution and the capacity. This is because this term refers to the ability of an institution to achieve a successful result, which generates total well-being in all its sectors, through the execution of a strategy that does not escape the initial plan and does not need incentives, or be of help, to reach a result. Thus, we can say that total well-being is maximized in the Nash equilibrium.

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