For the following question
Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million.
-Is this Nash equilibrium efficient?
A)Yes,because the sum of payoffs is highest
B)No,because both the parties can do better
C)No,because both the parties are maximizing their profits
D)All of the above

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​For the following question
Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million.
-​Is this Nash equilibrium efficient?
A)​Yes,because the sum of payoffs is highest
B)No,because both the parties can do better
C)No,because both the parties are maximizing their profits
D)​All of the above

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The Answer of ​For the following question
Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million.
-​Is this Nash equilibrium efficient?
A)​Yes,because the sum of payoffs is highest
B)No,because both the parties can do better
C)No,because both the parties are maximizing their profits
D)​All of the above

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