​Use the Following Case from Question

question 63

Multiple Choice

​Use the following case from question
Two ice cream trucks A&B are playing a simultaneous pricing game.If one of them prices low,he gets all the customers,a payoff of 12,while other gets zero.If both price high they each get a payoff of 6 and if both price low,they get a payoff of 5.
-​What is the Nash equilibrium of this game?

• A)​Both the vendors price high
• B)Both the vendors price low
• C)Vendor A prices high,vendor B prices low
• D)​Vendor B prices high,vendor A prices low

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Definitions:

Collective Settlements

Communities where people live together sharing responsibilities and resources, often associated with kibbutzim in Israel.

Emotion-focused Coping Skills

Strategies aimed at managing and reducing the emotional distress associated with stressful situations rather than directly tackling the root problem.

Problem-focused Coping Skills

Techniques aimed at addressing and managing the source of stress directly.

Subjective Well-being

An individual's self-reported assessment of their moods, emotions, and satisfaction with life.