Multiple Choice
Use the table, with data for Peter and Olga, to answer the question.
Peter and Olga live near a lake with open fishing, and both have fishing boats there. They are the only two sellers in their local fish market. What is likely to be the result in a Nash equilibrium?
A) Both Olga and Peter have smaller and smaller catches over time.
B) Peter catches and sells more fish than Olga.
C) Olga catches and sells more fish than Peter.
D) Both Olga and Peter continue to have large catches on each fishing trip.
Correct Answer:

Verified
Correct Answer:
Verified
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