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Refer to the Normal-Form Game of Price Competition Shown Below

Question 94

Multiple Choice

Refer to the normal-form game of price competition shown below.  Firm B Firm A C  D  A 0,75,2 B 5,10,8\begin{array}{l}\quad\quad\quad\quad\quad\quad\text { Firm B}\\\text { Firm A}\begin{array}{|l|l|l|} \hline & \text { C } & \text { D }\\\hline & & \\ \text { A } & 0,7 & 5,2\\\hline & & \\\text { B } & 5,1 & 0,8 \\\hline\end{array}\end{array} What are the pure Nash equilibrium strategies for this game?


A) {(B, C) }.
B) {(A, C) and (B, D) }.
C) {(A, C) }.
D) There is no pure strategy Nash equilibrium to this game.

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