-The Above Figure Shows the Payoff to Two Airlines,A and B,of

question 5

Multiple Choice

-The above figure shows the payoff to two airlines,A and B,of serving a particular route.If the two airlines must decide simultaneously,which one of the following statements is TRUE?

• A) Only firm A will enter the market.
• B) Only firm B will enter the market.
• C) Neither firm entering is a Nash equilibrium.
• D) The outcome of the game is unpredictable.

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Definitions:

Biological Diversity

The variety of life in the world or in a particular habitat or ecosystem, including species diversity, ecosystem diversity, and genetic diversity.

Invaluable Resource

A resource of immeasurable worth or value, often critical to the functioning of ecosystems, economies, or communities.

Environmental Changes

Alterations to the natural world caused by human activity or natural processes, impacting ecosystems and climate patterns.

Alternative Species

Species considered for introduction or cultivation as substitutes for traditional or overexploited ones.