Use the Following to Answer Question

question 200

Multiple Choice

Use the following to answer question:
-(Table: Two Rival Gas Stations) Use Table: Two Rival Gas Stations.The table shows a payoff matrix for two gas stations in a small town.Each firm can set either a high price or a low price,and customers view these two firms as nearly perfect substitutes.Profits in each cell of the payoff matrix are given as (Swifty's profit,Speedy's profit) .If each firm sets the price independently,the Nash equilibrium outcome will be:

• A)$100,$100.
• B)$150,$25.
• C)$25,$150.
• D)$50,$50.

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Definitions:

Amino Acid

An organic compound containing an amino group (—NH2) and a carboxyl group (—COOH); may be joined by peptide bonds to form a polypeptide chain.

Transmembrane Conductance

The movement of ions or molecules across a cell membrane through protein channels, influencing cellular processes and homeostasis.

Thymine

A nitrogenous pyrimidine base found in DNA.

Carbohydrate

Organic compounds consisting of carbon, hydrogen, and oxygen, serving as a major source of energy in diets.