Use the Following to Answer Question

question 200

Multiple Choice

Use the following to answer question:
-(Table: Two Rival Gas Stations) Use Table: Two Rival Gas Stations.The table shows a payoff matrix for two gas stations in a small town.Each firm can set either a high price or a low price,and customers view these two firms as nearly perfect substitutes.Profits in each cell of the payoff matrix are given as (Swifty's profit,Speedy's profit) .If each firm sets the price independently,the Nash equilibrium outcome will be:

• A)$100,$100.
• B)$150,$25.
• C)$25,$150.
• D)$50,$50.

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Definitions:

Senior Citizens

Individuals who are considered to be in the later stage of life, typically those aged 65 years and above, often associated with retirement.

Active Lifespans

Active lifespans indicate a period during which individuals engage in physical, social, and mental activities that promote health, well-being, and satisfaction across their lifetime.

Eating Disorders

Mental disorders characterized by abnormal or disturbed eating habits, which can negatively impact an individual's health and emotional well-being.

Causality

Causality is the relation between causes and effects, where one event (the cause) directly leads to another event (the effect).