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Use the following to answer question:
Table 11.2
Payoffs: University of Michigan's Football Revenue, Michigan State's Football Revenue Use the following to answer question: Table 11.2 Payoffs: University of Michigan's Football Revenue, Michigan State's Football Revenue   -(Table 11.2)  The table shows the payoffs associated with two levels of spending for recruitment of star football players. What is the Nash equilibrium? A)  Each school will spend a little money on recruiting. B)  Each school will spend lots of money on recruiting. C)  The University of Michigan will spend a little money on recruiting and Michigan State University will spend lots of money on recruiting. D)  There are two Nash equilibria: (1)  both schools spend lots of money recruiting and (2)  both schools spend little money recruiting.
-(Table 11.2) The table shows the payoffs associated with two levels of spending for recruitment of star football players. What is the Nash equilibrium?


A) Each school will spend a little money on recruiting.
B) Each school will spend lots of money on recruiting.
C) The University of Michigan will spend a little money on recruiting and Michigan State University will spend lots of money on recruiting.
D) There are two Nash equilibria: (1) both schools spend lots of money recruiting and (2) both schools spend little money recruiting.

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