The Following Table Shows the Payoff Matrix of the Two

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-A Nash equilibrium occurs when:

A) a unilateral move by a participant makes him better off.
B) one can deviate from the equilibrium and improve the outcome.
C) no one can move from the equilibrium and improve the outcome.
D) participants have an incentive to deviate from the equilibrium.
E) no one is better off.