-Refer to Figure C

question 51

Multiple Choice

-Refer to Figure c.What is the Nash equilibrium in problem 17?

• A) Kate squeal, Alice squeal
• B) Kate deny, Alice deny
• C) Kate squeal, Alice deny
• D) Kate deny, Alice squeal

---

Definitions:

Pragmatic Sanction

The Pragmatic Sanction was a decree issued by Charles VI in 1713, which allowed his daughter Maria Theresa to succeed him, aiming to ensure the continuity of Habsburg territories.

Habsburg Lands

Territories in Central Europe ruled by the Habsburg dynasty, known for its role in European politics, especially from the 15th to the early 20th century.

Unregulated Speculation

Financial investments in markets without governmental oversight, potentially leading to volatile market conditions and financial crises.