
-There are two can companies, American and National, which have entered into a collusive agreement. The payoff matrix of economic profits is above. If National is able to cheat on the agreement but American complies with the agreement, what amount of economic profit is made by National?
A) $2,000
B) $3,000
C) $4,000
D) $6,000
Correct Answer:
Verified
Q112: In the scenario above, in Nash equilibrium
A)
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