Figure 47: Your Economics Professor Offers You the Opportunity to to Ask

Multiple Choice

Figure 4.7: Your economics professor offers you the opportunity to ask for extra points on your midterm exam. All you have to do is write "please give me points" at the bottom of the last page of the exam. Depending on the number of students who choose to ask for the extra points, either 5 points will be added to those students' grades, or 5 points will be deducted from those students' grades. If you write nothing, your grade will stay the same. There are 12 students, including you, in the class. The payoffs for this game are shown in the above figure.
-Refer to Figure 4.7. An equilibrium occurs when how many students ask for points?

A) 0
B) between 5 and 6
C) 12
D) all of the above