Use the Following to Answer Question

question 45

Multiple Choice

Use the following to answer question:
Table 12.8
-(Table 12.8) Payoffs represent profits measured in thousands of dollars. Which of the following outcomes represent(s) a Nash equilibrium?

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

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Definitions:

Dependent Variables

In experimental and statistical research, the variable being tested and measured, which is expected to change as a result of variations in the independent variable(s).

Independent Variable

A variable in an experiment that is manipulated to observe its effect on the dependent variable.

Investigator

A person who carries out a systematic search or research, especially in order to discover new information or reach a new understanding.