Consider the Following Game That Represents the Payoffs from Different

question 1

Multiple Choice

Consider the following game that represents the payoffs from different advertising campaigns (low,medium,and high spending) for two political candidates that are running for a particular office.The values in the payoff matrix represent the share of the popular vote earned by each candidate: Under the version of the game with simultaneous moves,what is the Nash equilibrium?

• A)Neither candidate has a dominant strategy,but the Nash equilibrium occurs where both candidates use medium advertising campaigns.
• B)Candidate A's dominant strategy is high,Candidate B's dominant strategy is high,and this is the Nash equilibrium.
• C)Neither candidate has a dominant strategy,but the Nash equilibrium occurs where both candidates use high advertising campaigns.
• D)There is no Nash equilibrium (in pure strategies)for this simultaneous game.

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