Refer to the normal-form game of price competition shown below. $\begin{array}{l}
\quad\quad\quad\quad\quad\quad\text { Firm B}\
\text { Firm A}
\begin{array}{|l|l|l|}
\hline & \text { C } & \text { D }\
\hline & & \
\text { A } & 0,7 & 5,2\
\hline & & \
\text { B } & 5,1 & 0,8 \
\hline
\end{array}\end{array}$ 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.

Question

Refer to the normal-form game of price competition shown below. $\begin{array}{l}
\quad\quad\quad\quad\quad\quad\text { Firm B}\
\text { Firm A}
\begin{array}{|l|l|l|} 
\hline & \text { C } & \text { D }\
\hline & & \
 \text { A } & 0,7 & 5,2\
\hline & & \
\text { B } & 5,1 & 0,8 \
\hline
\end{array}\end{array}$ 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.

Quizplus · Accepted Answer

The Answer of Refer to the normal-form game of price competition shown below. $\begin{array}{l}
\quad\quad\quad\quad\quad\quad\text { Firm B}\
\text { Firm A}
\begin{array}{|l|l|l|} 
\hline & \text { C } & \text { D }\
\hline & & \
 \text { A } & 0,7 & 5,2\
\hline & & \
\text { B } & 5,1 & 0,8 \
\hline
\end{array}\end{array}$ 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.

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