-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:

Retina

The light-sensitive layer of tissue at the back of the inner eye that converts light images into nerve signals sent to the brain.

Conjunctiva

The thin, transparent membrane that covers the white part of the eyeball and the inner surfaces of the eyelids.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the amount of light entering the eye.

Anatomical Structures

The various organs and parts of organisms, including humans, organized in a specific manner for biological functions.