Scenario 13.16 Consider the Pricing Game Below

Multiple Choice

Scenario 13.16
Consider the pricing game below:
-Refer to Scenario 13.16. If the firms must choose their prices simultaneously,

A) both firms will buy gelato.
B) both firms will buy yogurt.
C) two pure strategy equilibria exist, one in which Gooi alone buys a gelato machine and one in which Ici alone buys a gelato machine.
D) the game has no pure strategy equilibrium.
E) the game has no mixed strategy equilibrium.