Game Matrix III The Following Questions Refer to the Game Matrix Below. Each

Multiple Choice

Game Matrix III

The following questions refer to the game matrix below. Each firm has a choice of advertising, Ads, or not advertising, No ad. The profits each gets depend upon which it chooses.


-Refer to Game Matrix III.Which of the following is a property of this game?

A) Both firms have dominant strategies.
B) There is no pure strategy Nash equilibrium.
C) There is a Nash equilibrium and it is Pareto optimal.
D) There is a Nash equilibrium and it is not Pareto optimal.