Use the following to answer questions:
Figure: Payoff Matrix for the United States and the European Union 
-(Figure: Payoff Matrix for the United States and the European Union) Look at the figure Payoff Matrix for the United States and the European Union. Suppose that the United States and the European Union both produce corn, and each region can make more profit if output is limited and the price of corn is high. The Nash equilibrium combination is for the United States to produce a _____ output and the European Union to produce a _____ output.
Definitions:
Income Statement
A financial statement that shows a company's revenues and expenses over a specified period, culminating in the net income or loss for that period.
Retained Earnings
Profits that a company keeps or reinvests rather than distributing to shareholders as dividends.
Cash Available
The total amount of cash or liquid funds a company or individual has accessible for immediate use.
Stock Dividend
A distribution by a company to its shareholders through the issuance of extra shares instead of monetary compensation.
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