​Use the Following Case from Question

question 34

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.
-​The types of games analyzed by the Nash equilibrium are

• A)​Simultaneous move games
• B)Sequential move games
• C)Both of the above
• D)​None of the above

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Definitions:

Freud

Sigmund Freud, recognized for his theories on the unconscious mind and the development of psychoanalytic therapy.

Fixation

In psychology, a persistent focus of the id’s pleasure-seeking energies at an earlier stage of psychosexual development.

Freud

An Austrian neurologist named Sigmund Freud established psychoanalysis, which is a method for addressing mental illnesses by facilitating dialogue between a psychoanalyst and their patient.

Excessive

Amounts or actions that go beyond what is considered normal, necessary, or reasonable.