Determine All Possible Equilibrium Outcomes in the Following Non-Zero-Sum Game

question 48

Essay

Determine all possible equilibrium outcomes in the following non-zero-sum game.
$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Firm L }\\\begin{array} { | c | c | c | } \hline \text { Firm } \mathrm { K } & \text { Strategy } \mathrm { P } & \text { Strategy Q } \\\hline \text { Strategy S } & 16,10 & 10,14 \\\hline \text { Strategy T } & 20,18 & 5,7 \\\hline\end{array}\end{array}$

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Definitions:

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