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Question 50

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Table 12.4 Use the following to answer question: Table 12.4 -(Table 12.4) Payoffs are profits in thousands of dollars. Which of the following statements is TRUE? A) This game has no Nash equilibrium. B) Horizon's dominant strategy is high price. C) The Nash equilibrium occurs when both companies choose the low-price strategy. D) There are two Nash equilibria, (80 , 80) and (65 , 65) .
-(Table 12.4) Payoffs are profits in thousands of dollars. Which of the following statements is TRUE?


A) This game has no Nash equilibrium.
B) Horizon's dominant strategy is high price.
C) The Nash equilibrium occurs when both companies choose the low-price strategy.
D) There are two Nash equilibria, (80 , 80) and (65 , 65) .

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