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-The Above Figure Shows the Payoff to Two Airlines,A and B,of

Question 5

Multiple Choice

-The above figure shows the payoff to two airlines,A and B,of serving a particular route.If the two airlines must decide simultaneously,which one of the following statements is TRUE? A) Only firm A will enter the market. B) Only firm B will enter the market. C) Neither firm entering is a Nash equilibrium. D) The outcome of the game is unpredictable.
-The above figure shows the payoff to two airlines,A and B,of serving a particular route.If the two airlines must decide simultaneously,which one of the following statements is TRUE?


A) Only firm A will enter the market.
B) Only firm B will enter the market.
C) Neither firm entering is a Nash equilibrium.
D) The outcome of the game is unpredictable.

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