-Refer to Figure 2

Multiple Choice

-Refer to Figure 2.3, which represents a simultaneous-move, non-cooperative, one-time game. A Nash equilibrium occurs at the strategy profile:

A) {Raise price, Raise price}.
B) {Raise price, Don't raise price}.
C) {Don't raise price, Raise price}.
D) {Don't raise price, Don't raise price}.
E) This game does not have a Nash equilibrium.