The Table Given Below Represents the Payoff Matrix of Firms

question 59

Multiple Choice

The table given below represents the payoff matrix of firms A and B,when they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.
-If X = 15 and Y = 10,then the information in Table 14-3 implies that the game has:

• A)a Nash equilibrium and a dominant strategy equilibrium.
• B)a Nash equilibrium but not a dominant-strategy equilibrium.
• C)no Nash equilibrium but has a dominant-strategy equilibrium.
• D)neither a Nash equilibrium nor a dominant-strategy equilibrium.

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Definitions:

Atheism

The absence or lack of belief in the existence of deities or gods.

Agnosticism

The belief that the existence or non-existence of deities or other spiritual phenomena is unknown or unknowable.

Religious Service Attendance

the act of participating in gatherings or ceremonies organized by a religious institution, often reflecting personal faith or communal worship practices.

Secularization

is the process by which religious institutions, practices, and beliefs lose their social significance.