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:

Evidence Of Usury

Evidence of usury involves documentation or proof that a lender charged an interest rate above the legal limit established by law, making a loan agreement illegal or subject to penalties.

Courts Require

This refers to the mandates or conditions that legal courts demand or need for proceedings, evidence, or actions within their jurisdictions.

Public Policy

The principles and standards regarded by the legislature or by courts as being of fundamental concern to the state and the whole of society.

Void Agreement

A contract or agreement that is null and has no legal effect from the beginning due to illegal terms or conditions violating legal statutes.