The figure shown displays the choices that could be made by two firms in an industry. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Firm 1 and Firm 2 will both invest.
B)Firm 1 will invest and Firm 2 will not invest.
C)Firm 1 will not invest and Firm 2 will invest.
D)Neither Firm 1 nor Firm 2 will invest.

Question

The figure shown displays the choices that could be made by two firms in an industry. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Firm 1 and Firm 2 will both invest. 
B)Firm 1 will invest and Firm 2 will not invest. 
C)Firm 1 will not invest and Firm 2 will invest. 
D)Neither Firm 1 nor Firm 2 will invest.

Quizplus · Accepted Answer

The Answer of  The figure shown displays the choices that could be made by two firms in an industry. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Firm 1 and Firm 2 will both invest. 
B)Firm 1 will invest and Firm 2 will not invest. 
C)Firm 1 will not invest and Firm 2 will invest. 
D)Neither Firm 1 nor Firm 2 will invest.

The Figure Shown Displays the Choices That Could Be Made