-Consider the Oil-Drilling Game Depicted in Figure 4

Multiple Choice

-Consider the oil-drilling game depicted in Figure 4.2 in which the payoffs are in millions of dollars. If this game is played just once, the Nash equilibrium strategy profile is:

A) {Narrow, Narrow}.
B) {Narrow, Wide}.
C) {Wide, Narrow}.
D) {Wide, Wide}.
E) Both a and d are correct.