Table: Jim, Dan Payoff Table Refer to the Table

question 88

Multiple Choice

Table: Jim, Dan Payoff Table $$\begin{array} { | l | l | l r | r } \hline & { } & { \text { Dan } } & \\\hline & & \text { Good A } & \text { Good B } \\\hline \text { Jim } & \text { Good A } & & ( 12,12 ) & ( 4,4 \\\hline & \text { Good B } & & ( 3,3 ) & ( 8,8 \\\hline\end{array}$$ Refer to the table. Which of the following outcomes is NOT a Nash equilibrium?
I. (12, 12)
II. (4, 4)
III. (8, 8)
IV. (3, 3)

• A) I and IV only
• B) II and IV only
• C) III only
• D) I and III only

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Definitions:

Journal Entry

A record in accounting that represents a transaction in the ledgers.

Transactions

Financial activities involving the exchange of assets, services, or financial instruments between parties.

Transactions

The financial events that affect the financial statements of a business, involving transfers or exchanges of value between two parties.

Current Ratio

An indicator of a business's capacity to meet its obligations due in the next twelve months.