The Payoff Matrix Below Shows the Payoffs for Firm a and Firm

question 103

Multiple Choice

The payoff matrix below shows the payoffs for Firm A and Firm B,each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A,payoff for B) .
Firm B
Firm A TABLE 11-2
-Refer to Table 11-2.Of the choices provided below,what is the minimum value for x in order for both firms' cheating to be a Nash equilibrium?

• A)25
• B)40
• C)60
• D)70
• E)80

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Definitions:

Logically Related

Pertaining to elements that are connected in a manner consistent with or based on principles of logic, suggesting a rational or coherent relationship.

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Cardinality

In the context of databases, it refers to the uniqueness of data values contained in a column. Higher cardinality means more unique values.