(Table: Owens Corning and GAF Capacity Expansion I) Payoffs Represent

question 79

Multiple Choice

(Table: Owens Corning and GAF Capacity Expansion I) Payoffs represent profits in millions of dollars. The Nash equilibrium:

• A) does not exist.
• B) occurs when both firms choose small expansion.
• C) occurs when both firms choose large expansion.
• D) occurs when both firms choose no expansion.

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