Alice and Betsy Are Playing a Game in Which Each

question 18

Multiple Choice

Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay.If both play the strategy leave, then each gets a payoff of $300.If both play the strategy stay, then each gets a payoff of $600.If one plays stay and the other plays leave, then the one who plays stay gets a payoff of $C and the one who plays leave gets a payoff of $D.When is the outcome where both play leave a Nash equilibrium?

• A)When $300 > C and D > $600 but not when $600 > D
• B)Never, since $600 > $300.
• C)Whenever D < $600.
• D)When D > C and C > $300.
• E)Whenever $300 > C

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Definitions:

Gases

Substances that are in the state of matter characterized by having neither a defined volume nor shape, expanding to fill their container.

Terrestrial

Terrestrial refers to things relating to the Earth or living or growing on land as opposed to water or air.

Aquatic Environments

Natural water bodies like rivers, lakes, and oceans that are habitats for a wide range of organisms.

Gas Exchange

The biological process through which different gases (like oxygen and carbon dioxide) are transferred in opposite directions across an organism's respiratory membranes.