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If the Above Payoff Matrix Is a Simultaneous-Move Production Game

Question 67

Multiple Choice

If the above payoff matrix is a simultaneous-move production game, the Nash equilibrium is for


A) both players to produce low output.
B) both players to produce high output.
C) play 1 to produce low output and player 2 to produce high output.
D) play 1 to produce high output and player 2 to produce low output.

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