Multiple Choice
The table given below represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.
-The information in Table 14-2 implies that the game has:
A) a Nash equilibrium and a dominant-strategy equilibrium.
B) a Nash equilibrium but not a dominant-strategy equilibrium.
C) no Nash equilibrium but has a dominant-strategy equilibrium.
D) neither a Nash equilibrium nor a dominant-strategy equilibrium.
Correct Answer:

Verified
Correct Answer:
Verified
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