Table 16.7
The USA and China are locked in negotiations to cut emissions.The following table represents the pay-offs from cutting emissions and continuing to pollute:

-Refer to Table 16-7.If China plays its dominant strategy, its payoff at the Nash Equilibrium will be:
A)$1.5mil
B)$1mil
C)$2.4mil
D)$1.8mil

Question

Table 16.7
The USA and China are locked in negotiations to cut emissions.The following table represents the pay-offs from cutting emissions and continuing to pollute:
 
-Refer to Table 16-7.If China plays its dominant strategy, its payoff at the Nash Equilibrium will be:
A)$1.5mil 
B)$1mil 
C)$2.4mil 
D)$1.8mil

Quizplus · Accepted Answer

The Answer of Table 16.7
The USA and China are locked in negotiations to cut emissions.The following table represents the pay-offs from cutting emissions and continuing to pollute:
 
-Refer to Table 16-7.If China plays its dominant strategy, its payoff at the Nash Equilibrium will be:
A)$1.5mil 
B)$1mil 
C)$2.4mil 
D)$1.8mil

Table 16.7 The USA and China Are Locked in Negotiations to Cut