-The Above Figure Shows the Payoff to Two Firms in an Industry

question 2

Multiple Choice

-The above figure shows the payoff to two firms in an industry deciding to make an investment in worker safety.The Nash equilibrium

• A) is for just one of the firms to make the investment.
• B) is for both firms to make the investment.
• C) is for neither firm to make the investment.
• D) does not exist.

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Definitions:

Paired Fins

Appendages found on fish that are used for stabilization, steering, and propulsion through the water.

Chondrichthyes

The class of cartilaginous fishes that includes the sharks, rays, and skates.

Lungs

Main organs of the respiratory system, involved in the exchange of oxygen from the atmosphere with carbon dioxide from the blood.

Evolved

A term referring to the process by which species undergo gradual changes in their genetic composition and traits over generations, often in response to environmental pressures.