Scenario 13.14
Consider the game below:
-What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50.
B) In equilibrium, both firms choose Q = 100.
C) There are two equilibria, at Q = 50 and at Q = 100.
D) The only equilibrium is in mixed strategies.
E) The two equilibria are those associated with the (40,30) outcome and the (30,40) outcome.

Question

Scenario 13.14
Consider the game below: 
-What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50. 
B) In equilibrium, both firms choose Q = 100. 
C) There are two equilibria, at Q = 50 and at Q = 100. 
D) The only equilibrium is in mixed strategies. 
E) The two equilibria are those associated with the (40,30) outcome and the (30,40) outcome.

Quizplus · Accepted Answer

The Answer of Scenario 13.14
Consider the game below: 
-What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50. 
B) In equilibrium, both firms choose Q = 100. 
C) There are two equilibria, at Q = 50 and at Q = 100. 
D) The only equilibrium is in mixed strategies. 
E) The two equilibria are those associated with the (40,30) outcome and the (30,40) outcome.

Scenario 13.14 Consider the Game Below