The Following Table Shows the Payoff Matrix of the Two

question 2

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-A Nash equilibrium occurs when:

• A)a unilateral move by a participant makes him better off.
• B)one can deviate from the equilibrium and improve the outcome.
• C)no one can move from the equilibrium and improve the outcome.
• D)participants have an incentive to deviate from the equilibrium.
• E)no one is better off.

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