(Table) Based on the Game Table, Where Delta's Payoff Is

question 303

Multiple Choice

(Table) Based on the game table, where Delta's payoff is listed first, does the Nash equilibrium represent a prisoner's dilemma? Why or why not?
$\begin{array}{cccc} & && {\text { JetBlue }} \\& & \text { High } && \text { Low } \\\text { Delta } & \text { High } & 700,100 && 600,200 \\& \text { Low } & 550,70 && 500,80\end{array}$

• A) Yes, it does because there is a better outcome for both firms.
• B) Yes, it does because one firm is unable to achieve the highest payoff.
• C) No, it does not because both firms are earning the highest payoff possible.
• D) No, it does not because there is no solution which is better for both players.

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