(Table: Helicopter Rides I) Payoffs are profits in thousands of dollars. Which of the following statements is TRUE?
A) This game has no Nash equilibrium.
B) Horizon's dominant strategy is high price.
C) The Nash equilibrium occurs when both companies choose the low-price strategy.
D) There are two Nash equilibria: (80 , 80) and (65 , 65).

Question

(Table: Helicopter Rides I) Payoffs are profits in thousands of dollars.  Which of the following statements is TRUE?
A) This game has no Nash equilibrium. 
B) Horizon's dominant strategy is high price. 
C) The Nash equilibrium occurs when both companies choose the low-price strategy. 
D) There are two Nash equilibria: (80 , 80) and (65 , 65).

Quizplus · Accepted Answer

The Answer of (Table: Helicopter Rides I) Payoffs are profits in thousands of dollars.  Which of the following statements is TRUE?
A) This game has no Nash equilibrium. 
B) Horizon's dominant strategy is high price. 
C) The Nash equilibrium occurs when both companies choose the low-price strategy. 
D) There are two Nash equilibria: (80 , 80) and (65 , 65).

(Table: Helicopter Rides I) Payoffs Are Profits in Thousands of Dollars