-Consider the pricing game depicted in Figure 1.5 in which payoffs are in thousands ofdollars. If larger payoffs are preferred, the Nash equilibrium strategy profile for this game is:
A) {High price, High price}.
B) {Low price, Low price}.
C) {High price, Low price}.
D) {Low price, High price}.

Question

-Consider the pricing game depicted in Figure 1.5 in which payoffs are in thousands ofdollars. If larger payoffs are preferred, the Nash equilibrium strategy profile for this game is:
A) {High price, High price}. 
B) {Low price, Low price}. 
C) {High price, Low price}. 
D) {Low price, High price}.

Quizplus · Accepted Answer

The Answer of 
-Consider the pricing game depicted in Figure 1.5 in which payoffs are in thousands ofdollars. If larger payoffs are preferred, the Nash equilibrium strategy profile for this game is:
A) {High price, High price}. 
B) {Low price, Low price}. 
C) {High price, Low price}. 
D) {Low price, High price}.

-Consider the Pricing Game Depicted in Figure 1