Big W -Refer to the Payoffs in the Table Above. Big W

question 114

Multiple Choice

Big W

-Refer to the payoffs in the table above. Big W and Kmart must decide whether to lower their prices based on the profits shown in the table. This game has

• A) a Nash equilibrium: both Big W and Kmart lower prices.
• B) a Nash equilibrium: Big W keeps its prices high and Kmart lowers its prices.
• C) no Nash equilibrium.
• D) a Nash equilibrium: both Big W and Kmart keep prices high.

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