(Table: Firms 1 and 2 IV) Payoffs represent profits in millions of dollars.
a. If Firm 1 chooses up, what is the best strategy for Firm 2?
b. If Firm 2 chooses left, what is the best strategy for Firm 1?
c. If Firm 1 chooses down, what is the best strategy for Firm 2?
d. If Firm 2 chooses right, what is the best strategy for Firm 1?
e. What is the game's Nash equilibrium?

Question

(Table: Firms 1 and 2 IV) Payoffs represent profits in millions of dollars.  
a. If Firm 1 chooses up, what is the best strategy for Firm 2?
b. If Firm 2 chooses left, what is the best strategy for Firm 1?
c. If Firm 1 chooses down, what is the best strategy for Firm 2?
d. If Firm 2 chooses right, what is the best strategy for Firm 1?
e. What is the game's Nash equilibrium?

Quizplus · Accepted Answer

The Answer of (Table: Firms 1 and 2 IV) Payoffs represent profits in millions of dollars.  
a. If Firm 1 chooses up, what is the best strategy for Firm 2?
b. If Firm 2 chooses left, what is the best strategy for Firm 1?
c. If Firm 1 chooses down, what is the best strategy for Firm 2?
d. If Firm 2 chooses right, what is the best strategy for Firm 1?
e. What is the game's Nash equilibrium?

(Table: Firms 1 and 2 IV) Payoffs Represent Profits in Millions