Multiple Choice
In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second.
-Game 8 shows the payoff matrix in terms of profit (in millions of dollars) for two possible strategies: advertise or do not advertise. Which of the following is a true statement?
A) Coke has a dominant strategy to not advertise.
B) Pepsi has a dominant strategy to not advertise.
C) The game has one Nash equilibrium.
D) The game has multiple equilibria.
Correct Answer:

Verified
Correct Answer:
Verified
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