TABLE 11- 3 the Payoff Matrix Below Shows the Payoffs

question 29

Multiple Choice

TABLE 11- 3 The payoff matrix below shows the payoffs to Firms A and B from producing different levels of output.The numbers in parentheses are (payoff to A,payoff to B) .
$\begin{array}{c}&\text { Firm B }\\\text { Firm A }& \begin{array}{l|c|c}& \begin{array}{c}\text { Produce } \\\text { 1000 Units }\end{array} & \begin{array}{c}\text { Produce } \\\text { 2000 Units }\end{array} \\\hline \begin{array}{l}\text { Produce } \\\text { 1000 Units }\end{array} & (100,100) & (10,150) \\\begin{array}{l}\text { Produce } \\\text { 2000 Units }\end{array} & (150,10) & (30,30) \end{array}\end{array}$
-Refer to Table 11- 3.The Nash equilibrium in this game is

• A)(Firm A: produce 2000 units,Firm B: produce 2000 units).
• B)(Firm A: produce 1000 units,Firm B: produce 2000 units).
• C)(Firm A: produce 1000 units,Firm B: produce 1000 units).
• D)(Firm A: produce 2000 units,Firm B: produce 1000 units).
• E)non- existent.