Big W
-Refer to the payoffs in the table above. Big W and Kmart must decide whether to lower their prices based on the profits shown in the table. This game has
A) a Nash equilibrium: both Big W and Kmart lower prices.
B) a Nash equilibrium: Big W keeps its prices high and Kmart lowers its prices.
C) no Nash equilibrium.
D) a Nash equilibrium: both Big W and Kmart keep prices high.
Correct Answer:
Verified
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