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The Following Matrix Gives the Profits (In Thousands of Dollars)for

Question 5

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The following matrix gives the profits (in thousands of dollars) for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1
The following matrix gives the profits (in thousands of dollars) for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies: Table 10-1    -What is the difference between a constant-sum game and a zero-sum game? A) In a constant-sum game,the players' payoffs are in complete conflict with each other unlike a zero-sum game. B) The equilibrium payoffs in a constant-sum game add up to the same sum,unlike in a zero-sum game. C) There is no stable equilibrium in a constant-sum game,unlike in a zero-sum game. D) The actions taken by each player is symmetrical in a constant-sum game,unlike in a zero-sum game. E) The equilibrium payoff in a constant-sum game is higher than the equilibrium payoff in a zero-sum game.
-What is the difference between a constant-sum game and a zero-sum game?


A) In a constant-sum game,the players' payoffs are in complete conflict with each other unlike a zero-sum game.
B) The equilibrium payoffs in a constant-sum game add up to the same sum,unlike in a zero-sum game.
C) There is no stable equilibrium in a constant-sum game,unlike in a zero-sum game.
D) The actions taken by each player is symmetrical in a constant-sum game,unlike in a zero-sum game.
E) The equilibrium payoff in a constant-sum game is higher than the equilibrium payoff in a zero-sum game.

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