Game Matrix V The Following Questions Refer to the Game Matrix Below. Each

question 10

Multiple Choice

Game Matrix V

The following questions refer to the game matrix below. Each firm has a choice of saying Yes or NO. The profits each gets depend upon which it chooses.


-Refer to Game Matrix V.Which of the following values of X and Y result in the only Nash Equilibrium being (Yes,Yes) ?

• A) X = 21,Y = 9.
• B) X = 19,Y = 11.
• C) X = 21,Y = 11.
• D) It is not possible for (Yes,Yes)to be a Nash Equilibrium.

---

Definitions:

Mixed Number

A number consisting of an integer and a proper fraction, representing a value between two whole numbers.

Fraction

A numerical quantity that is not a whole number, representing a part of a whole.

Numerator

The top part of a fraction, representing the number of parts out of the whole indicated by the denominator.