(Figure: Simultaneous Move Games 2) in the Figure, If Firm

question 16

Multiple Choice

(Figure: Simultaneous Move Games 2) In the figure, if Firm A advertises and Firm B also advertises, Firm A's payoff is:

• A) $100.
• B) $150.
• C) $200.
• D) $250.

---

Definitions:

Radio Announcer

A person who presents and comments on news, music, or other programs on radio broadcasts.

Missionary

An individual who is sent on a mission, often religious, to promote their faith in a foreign land.

Third-Party Candidate

A candidate running for political office who represents neither of the two major political parties, often bringing alternative issues or perspectives into elections.