-The Above Figure Shows the Payoff Matrix for Two Firms,A

Multiple Choice

-The above figure shows the payoff matrix for two firms,A and B,selecting an advertising budget.The firms must choose between a high advertising budget and a low advertising budget.A Nash equilibrium is that

A) firm A selects a high advertising budget and firm B selects a low advertising budget.
B) firm A selects a low advertising budget and firm B selects a high advertising budget.
C) both firms select a high advertising budget.
D) both firms select a low advertising budget.