In the above table, if the players use a maximin strategy,
A)the equilibrium is for both firms to produce.
B)the equilibrium choice is the same as using a regular, best response strategy.
C)the equilibrium is for A to produce and B not to produce.
D)the equilibrium is for B to produce and A not to produce.

Question

In the above table, if the players use a maximin strategy,
A)the equilibrium is for both firms to produce. 
B)the equilibrium choice is the same as using a regular, best response strategy. 
C)the equilibrium is for A to produce and B not to produce. 
D)the equilibrium is for B to produce and A not to produce.

Quizplus · Accepted Answer

The Answer of  In the above table, if the players use a maximin strategy,
A)the equilibrium is for both firms to produce. 
B)the equilibrium choice is the same as using a regular, best response strategy. 
C)the equilibrium is for A to produce and B not to produce. 
D)the equilibrium is for B to produce and A not to produce.

In the Above Table, If the Players Use a Maximin