Refer to the Following Figure Showing the Reaction Functions of Oligopoly

question 41

Multiple Choice

Refer to the following figure showing the reaction functions of oligopoly firms A and B.

-In Nash equilibrium,

• A) firm A runs 4 ads and firm B runs 7 ads.
• B) firm A runs 7 ads and firm B runs 4 ads.
• C) firm A runs 2 ads and firm B runs 2 ads.
• D) firm A runs 3 ads and firm B runs 5 ads.
• E) none of the above.

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