(Figure: Payoff Matrix for Antojito and Carolina Reaper) Use Figure: Payoff Matrix for Antojito and Carolina Reaper. A Nash equilibrium occurs when Carolina Reaper produces _____, and Antojito produces _____.

A)low quantity; low quantity
B)high quantity; high quantity
C)low quantity; high quantity
D)high quantity; low quantity

Question

(Figure: Payoff Matrix for Antojito and Carolina Reaper) Use Figure: Payoff Matrix for Antojito and Carolina Reaper. A Nash equilibrium occurs when Carolina Reaper produces _____, and Antojito produces _____.
​
 
A)low quantity; low quantity 
B)high quantity; high quantity 
C)low quantity; high quantity 
D)high quantity; low quantity

Quizplus · Accepted Answer

The Answer of (Figure: Payoff Matrix for Antojito and Carolina Reaper) Use Figure: Payoff Matrix for Antojito and Carolina Reaper. A Nash equilibrium occurs when Carolina Reaper produces _____, and Antojito produces _____.
​
 
A)low quantity; low quantity 
B)high quantity; high quantity 
C)low quantity; high quantity 
D)high quantity; low quantity