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Suppose That Fizzy Soda and Townie Soda Must Choose Whether

Question 18

Multiple Choice

Suppose that Fizzy Soda and Townie Soda must choose whether to advertise their soft drinks. In a Nash equilibrium, both firms choose to advertise and earn weekly profits of $80,000. Which of the following statements is (are) TRUE? Suppose that Fizzy Soda and Townie Soda must choose whether to advertise their soft drinks. In a Nash equilibrium, both firms choose to advertise and earn weekly profits of $80,000. Which of the following statements is (are) TRUE? A) I B) II and III C) I, II, and III D) I and II


A) I
B) II and III
C) I, II, and III
D) I and II

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