Use the Following to Answer Question

question 67

Multiple Choice

Use the following to answer question:
Table 12.11
-(Table 12.11) The payoffs represent dollars won or lost. Which of the following statements is TRUE?

• A) The Nash equilibria are (1, -1) and (-1 , 1).
• B) The dominant strategy for Player B is pick odd number.
• C) In mixed strategy, the Nash equilibrium is for both players to randomly select their strategy with a 50% probability.
• D) The pure-strategy equilibrium is (odd number, even number).

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Definitions:

State Industries

Industries that are owned, operated, or controlled by the government.

Profit-Focused

Refers to strategies or actions of a business that are primarily aimed at increasing its profits.

Direct Foreign Investment

Funding provided by an individual or a company based in one country to start or acquire business operations and assets in another country.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculated by adding up all market values of goods and services produced within the country in a year.