​Use the Following to Answer Question

question 8

Multiple Choice

​Use the following to answer question
Consider the following information for a simultaneous move game:  Two discount stores (megastore and superstore) are interested in expanding their market share through advertising.The table below depicts the strategic outcomes (profits) of both stores with and without advertising.

-​The Nash equilibrium for the game is

• A)​For both stores to advertise
• B)For megastore to advertise and for superstore not to advertise
• C)For megastore not to advertise and for superstore to advertise
• D)​For both stores to not advertise

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Definitions:

Private Speech

Verbal communication directed at oneself, used as a tool for thinking and self-regulation by children and adults.

Zone Of Proximal Development

The zone of proximal development is a concept in educational psychology that describes the difference between what a learner can do without help and what they can achieve with guidance.

Zone Of Proximal Development

The Zone of Proximal Development is a concept in educational psychology representing the difference between what a learner can do without help and what he or she can achieve with guidance and encouragement from a skilled partner.

Upper Limit

The highest point or level that is allowable or possible, beyond which something is not permissible or recommended.