The payoff matrix below shows the payoffs to Firms A and B from producing different levels of output. The numbers in parentheses are (payoff to A, payoff to B) . TABLE 11- 3
-Refer to Table 11- 3. The Nash equilibrium in this game is
A) (Firm A: produce 1000 units, Firm B: produce 1000 units) .
B) (Firm A: produce 2000 units, Firm B: produce 2000 units) .
C) (Firm A: produce 2000 units, Firm B: produce 1000 units) .
D) (Firm A: produce 1000 units, Firm B: produce 2000 units) .
E) non- existent.
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Q79: The payoff matrix below shows the
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A) allows