Game Matrix I

The following questions refer to the game matrix below.

-Refer to Game Matrix I.The only Nash equilibrium for this game is in
A) the upper left-hand corner.
B) the upper right-hand corner.
C) the lower left-hand corner.
D) the lower right-hand corner.

Question

Game Matrix I

The following questions refer to the game matrix below.

-Refer to Game Matrix I.The only Nash equilibrium for this game is in
A) the upper left-hand corner. 
B) the upper right-hand corner. 
C) the lower left-hand corner. 
D) the lower right-hand corner.

Quizplus · Accepted Answer

In a Nash equilibrium, each player's strategy is optimal given the other player's strategy. The lower right-hand corner represents a situation where neither player can unilaterally change their strategy to get a better payoff, making it the Nash equilibrium.

Game Matrix I The Following Questions Refer to the Game Matrix Below