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-Consider the Noncooperative Oil-Drilling Game Depicted in Figure 5

Question 20

Multiple Choice

-Consider the noncooperative oil-drilling game depicted in Figure 5.4 in which payoffs are in millions of dollars. If this game is played five times, the Nash equilibrium strategy profile in the second round is: A) {Narrow, Narrow}. B) {Narrow, Wide}. C) {Wide, Narrow}. D) {Wide, Wide}.
-Consider the noncooperative oil-drilling game depicted in Figure 5.4 in which payoffs are in millions of dollars. If this game is played five times, the Nash equilibrium strategy profile in the second round is:


A) {Narrow, Narrow}.
B) {Narrow, Wide}.
C) {Wide, Narrow}.
D) {Wide, Wide}.

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