Answer the Question Based on the Payoff Matrix for a Duopoly

question 97

Multiple Choice

Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. Which combination of payoffs would represent a Nash equilibrium?

• A)$3M for both firms.
• B)$17M for both firms.
• C)$15 for firm A and $5 for firm B.
• D)$5 for firm A and $15 for firm B.

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Definitions:

Internal Conflict

Psychological struggle within an individual arising from opposing demands or impulses.

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Constituents

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A concept or image of a desired future state that an individual or organization aims to achieve.