12.3 Simultaneous Decision Making and the Payoff Matrix

question 92

Multiple Choice

12.3 Simultaneous Decision Making and the Payoff Matrix

-Refer to Figure 12.7 The numerical data show daily profits for each of the two firms when they choose a specific pricing strategy.In the Nash equilibrium

• A) both firms would charge a high price.
• B) both firms would charge a low price.
• C) only Zeta would charge a low price.
• D) only Omega would charge a low price.

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