The Payoff Matrix Shows All of the Following EXCEPT

question 75

Multiple Choice

The payoff matrix shows all of the following EXCEPT

• A)if both oligopolists choose a high price, each makes $6 million.
• B)if they both choose a low price, each makes $4 million.
• C)if one chooses a low price and the other doesn't, the low priced firm will make $8 million.
• D)if one oligopolist chooses a high price and the other doesn't, the high-priced firm makes $8 million.

---

Definitions:

Conditional Positive Regard

An attitude of acceptance and love from others that is contingent upon behaving in a way that is approved by them, as opposed to unconditional positive regard.

Subception

A psychological term referring to the perception of stimuli below the threshold of consciousness.

Self-concepts

The sum of beliefs and feelings about oneself, including aspects of identity and self-esteem.

Physiological Needs

Basic bodily requirements for human survival, such as food, water, air, and shelter, according to Maslow's hierarchy.