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

question 58

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:

Askia Muhammad

Mentioned as a significant ruler of the Songhai Empire in the late 15th and early 16th centuries, noted for his administrative reforms, military prowess, and patronage of Islamic scholarship and education.

Hausa City-States

Denotes a group of independent cities within what is now northern Nigeria, developed before the 19th century, each governed by its own ruler and known for their trade, military prowess, and Islamic scholarship.

Kano

A city in northern Nigeria, known as a commercial and cultural center, as well as for its historic significance in the trans-Saharan trade.

Gao

This term could refer to multiple contexts; it might denote a historical city in Mali, known for being an important trading center in the Sahel region.