Multiple Choice
The payoff matrix below shows the extra profit firms X and Z will earn from two different strategies,A and B. 
-If firm A's competitor advertises to increase sales and the best action is also for firm A to advertise,then
A) a Nash equilibrium results.
B) a cartel equilibrium results.
C) a cooperative equilibrium results.
D) a non-cooperative equilibrium results.
E) a duopoly equilibrium results.
Correct Answer:
Verified
Correct Answer:
Verified
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