Use the Following to Answer Questions 13-14

question 89

Multiple Choice

Use the following to answer questions 13-14:
Table 12.7
-(Table 12.7) Payoffs represent profits in millions of dollars. The Nash equilibrium:

• A) does not exist.
• B) occurs when both firms choose small expansion.
• C) occurs when both firms choose large expansion.
• D) occurs when both firms choose no expansion.