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-Refer to Table 10 -2

Question 12

Multiple Choice

  -Refer to Table 10 -2. What is the Nash equilibrium in this game? A)  Each produces a high quantity and earns a profit of $25 million. B)  Each produces a low quantity and earns a profit of $20 million. C)  Each produces a high quantity and earns a profit of $10 million. D)  There is no Nash equilibrium in this game.
-Refer to Table 10 -2. What is the Nash equilibrium in this game?


A) Each produces a high quantity and earns a profit of $25 million.
B) Each produces a low quantity and earns a profit of $20 million.
C) Each produces a high quantity and earns a profit of $10 million.
D) There is no Nash equilibrium in this game.

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