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

question 31

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,what will happen if the government offers a $30 subsidy to airlines that serve this route?

• A)The Nash equilibrium remains the same.
• B)Only firm A will have a dominant strategy.
• C)Both firms will choose to enter the market.
• D)Joint profits will be maximized.

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Definitions:

Saskatchewan

A province in Canada known for its vast prairies, rich agricultural industry, and distinctive cultural and natural landscapes.

New Environmental Paradigm

The view that human social actions occur within an ecosystem that has its own processes and limits.

Ecosystem Processes

The natural cycles and exchanges of energy and nutrients that sustain the functioning and biodiversity of ecological systems.

Environmental Racism

the disproportionate impact of environmental hazards on minority ethnic groups, often because of discriminatory policies or practices that expose these communities to pollutants.