Use the Following to Answer Question

question 194

Multiple Choice

Use the following to answer question:
Figure: Payoff Matrix for Jake and Zoe
-(Figure: Payoff Matrix for Jake and Zoe) Use Figure: Payoff Matrix for Jake and Zoe.Jake and Zoe are the only producers of slushies in their tourist town.Every week,each decides whether to price high or price low for the following week.The figure shows the profit per week earned by their two firms.According to the Nash equilibrium,Jake prices _____ and Zoe prices _____.

• A)high;high
• B)high;low
• C)low;high
• D)low;low

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Definitions:

Neuroleptic Malignant Syndrome

A rare, life-threatening reaction to antipsychotic medications, characterized by fever, muscle rigidity, altered mental status, and autonomic dysfunction.

Severe Muscle Stiffness

A condition characterized by extreme rigidity of the muscles, making movement difficult and often painful.

Risperidone

An antipsychotic medication commonly used to treat psychiatric disorders such as schizophrenia, bipolar disorder, and irritability associated with autism.

Concrete Thinking

A style of thinking that is focused on the physical and literal, lacking in abstraction or the ability to make conceptual connections.