The Numbers in Each Cell Are Each Firm's Profits Refer to the Figure Above

question 4

Multiple Choice

The numbers in each cell are each firm's profits. $\begin{array}{c}\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Column Cafe} \\\text { Row Restaurant } \begin{array}{|l|l|l|}\hline & \begin{array}{l}\text { Publish Coupons in } \\\text { Student Paper }\end{array} & \text { No Coupons } \\\hline \text { Publish Coupons in } & \text { Row: 25, } & \text { Row: 200, } \\\text { Student Paper } & \text { Column: } 25 & \text { Column: } 10 \\\hline \text { No Coupons } & \begin{array}{l}\text { Row: } 10, \\\text { Column: } 200\end{array} & \text { Row: } 120, \\& \text { Column: } 120 \\\hline\end{array}\end{array}$
Refer to the figure above.The payoffs of this game are such that:

• A)if Row Restaurant expects that Column Cafe will choose its dominant strategy,Row should choose to not follow its own dominant strategy.
• B)profits at both firms would be highest if both firms follow their dominant strategies.
• C)both firms would benefit from a law that made publishing coupons illegal.
• D)an agreement to not publish coupons would be stable because with these profits neither firm has an incentive to defect.

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Definitions:

Standard

Refers to commonly accepted guidelines, protocols, or requirements in various fields, including programming and technology.

Magic Numbers

Hard-coded numeric or string values in code that lack context or explanation, making the code hard to understand or modify.

Literal Values

Explicit data values specified directly in source code, such as numbers, characters, or strings.

Equivalence Statements

Statements in programming and logic that express the equality or equivalence between two expressions.