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(Table: Firms 1 and 2 I) Payoffs Represent Profits Measured

Question 85

Multiple Choice

(Table: Firms 1 and 2 I) Payoffs represent profits measured in thousands of dollars. (Table: Firms 1 and 2 I) Payoffs represent profits measured in thousands of dollars. Which of the following outcomes represent(s) a Nash equilibrium? I. (200 , 200) II. (600 , 990) III. (650, 400) IV. (400 , 825) A) II and I B) II C) II and III D) III and IV Which of the following outcomes represent(s) a Nash equilibrium?
I. (200 , 200)
II. (600 , 990)
III. (650, 400)
IV. (400 , 825)


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

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