Exhibit 11-5 -Refer to Exhibit 11-5, Which Illustrates the Payoff Matrix for Payoff

Exhibit 11-5
-Refer to Exhibit 11-5, which illustrates the payoff matrix for a duopoly game between firm A and firm B that is played only once. The table indicates that

A) both firms would have been worse off than those in the Nash equilibrium if both did not advertise.
B) both firms would have been better off than those in the Nash equilibrium if both did not advertise.
C) both firms would have been better off than those in the Nash equilibrium if only one advertised.
D) the Nash equilibrium contains the best strategies for both firms.
E) neither firm A nor firm B can take any action.