Answered: A) (b, B) B) (а, а) a 5,0 5,1 C) (b, а)…

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A) (b, B) B) (а, а) a 5,0 5,1 C) (b, а) b -70,0 20,1 D) (а, В) Player 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In the table below, it can be stated that it is the Nash Equilibrium: Regarding the game described by the matrix of possibilities below, it can be stated that the pair constitutes a Nash equilibrium:

Player 2
A)
(b, В)
B)
(а, а)
a
5,0
5,1
C)
(b, а)
b
-70,0
20,1
D)
(а, В)
Player 1

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