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    Modern Principles of Economics Study Set 2
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    Exam 15: Oligopoly and Game Theory
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    Reference: Ref 15-8 (Table: Mary, Silvia Payoff Table) Refer to the Table
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Reference: Ref 15-8 (Table: Mary, Silvia Payoff Table) Refer to the Table

Question 82

Question 82

Multiple Choice

  Reference: Ref 15-8 (Table: Mary, Silvia Payoff Table)  Refer to the table. Mary and Silvia are producers. If Mary cheats, what is Silvia's dominant strategy? A)  to cheat and earn 40 B)  to cheat and earn 15 C)  to cooperate and earn 20 D)  to cooperate and earn 40 Reference: Ref 15-8 (Table: Mary, Silvia Payoff Table) Refer to the table. Mary and Silvia are producers. If Mary cheats, what is Silvia's dominant strategy?


A) to cheat and earn 40
B) to cheat and earn 15
C) to cooperate and earn 20
D) to cooperate and earn 40

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