-Consider the Static Games Depicted in Figures 10

Multiple Choice

-Consider the static games depicted in Figures 10.3 and 10.4 which summarize in billions of dollars producer and consumer surpluses from alternative export-subsidy strategies by the U.S. and Japan. If the export subsidies are for the benefit of national welfare, the Cournot-Nash equilibrium strategy profile is an example of a(n) :

A) Focal point equilibrium.
B) Cournot paradox.
C) Prisoner's dilemma.
D) Optimal tariff.
E) None of the above.