Use the following to answer questions 19-20:
Table 12.12
-(Table 12.12) The payoffs are profits in millions of dollars. The Nash equilibrium of this game is:
A) (20 , 20).
B) (8 , 8).
C) (-20 , 15).
D) (-1 , 10).

Question

Use the following to answer questions 19-20:
Table 12.12 
-(Table 12.12) The payoffs are profits in millions of dollars. The Nash equilibrium of this game is:
A) (20 , 20). 
B) (8 , 8). 
C) (-20 , 15). 
D) (-1 , 10).

Quizplus · Accepted Answer

The Nash equilibrium is the point where neither player can improve their payoff by changing their strategy, given the strategy of the other player. In this case, the Nash equilibrium is (20, 20) because neither player can improve their payoff by changing their strategy.

Use the Following to Answer Questions 19-20