Use the Following to Answer Question

question 46

Multiple Choice

Use the following to answer question:
Table 12.3
-(Table 12.3) The payoffs represent profits. If Cape North and Imperial both choose their dominated strategy, Cape North will earn a profit of _____ and Imperial will earn a profit of _____.

• A) $154; $154
• B) $120; $120
• C) $75; $180
• D) $75; $75

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Definitions:

Pessimistic Explanatory

A tendency to explain negative events as being prevalent, unchangeable, and indicative of personal failure.

Defeat

The state of having lost a competition or battle, or failing to achieve success.

Increased Effort

The act of dedicating more energy or work towards achieving a particular goal or task.

Depressed

A state of low mood and aversion to activity that can affect a person's thoughts, behavior, motivations, feelings, and sense of well-being.