Refer to the Normal-Form Game of Price Competition Shown Below

question 9

Multiple Choice

Refer to the normal-form game of price competition shown below. $\begin{array}{l}\quad\quad\quad\quad\quad\quad\text { Firm B}\\\text { Firm A}\begin{array}{|l|l|l|} \hline & \text { C } & \text { D }\\\hline & & \\ \text { A } & 0,7 & 5,2\\\hline & & \\\text { B } & 5,1 & 0,8 \\\hline\end{array}\end{array}$ Which of the following represents the set of possible pure strategy Nash equilibria?

• A) {A, C}
• B) {A, B}
• C) {(A, C), (A, D), (B, C), (B, D)}
• D) {C, D}

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