Use the Following to Answer Questions: Table: Ozzie's, Manny's Payoff

question 13

Multiple Choice

Use the following to answer questions: Table: Ozzie's, Manny's Payoff Table $$\begin{array} { | l | l | c | c | } \hline & & \begin{array} { c } \text { Ozzie's Cement } \\\text { (profit in 1,000s) }\end{array} &{ } \\\hline & & \text { Low Price } & \text { High Price } \\\hline \text { Manny's Cement } & \text { Low Price } & \$ 60 , \$ 60 & \$ 130 , \$ 20 \\\hline \text { (profit in 1,000s) } & \text { High Price } & \$ 20 , \$ 130 & \$ 80 , \$ 80 \\\hline\end{array}$$
-(Table: Ozzie's, Manny's Payoff Table) Refer to the table. The equilibrium outcome is:

• A) undefined in this game.
• B) $80, $80.
• C) $60, $60.
• D) ($20, $130) or ($130, $20).

---

Definitions:

Resources

Assets, materials, or other assets that are useful or necessary for a particular purpose, including financial, natural, or human resources.

Social Services

Public or private services designed to aid individuals and communities in improving their well-being, addressing social issues, and providing support for various needs.

Social Problems

Issues within a society that affect a significant number of people and require collective intervention.

Personal Problems

Issues or difficulties faced by an individual in their personal life that affect their mental, emotional, or physical well-being.