Ann and Bob are fisherman who must choose whether to use a large boat or a small boat to fish off the shores of Newfoundland. The payoffs associated with each set of choices are given at right. Bob Small Boat Large Boat $11,200 $16,800 Small Boat $11,200 $4,200 If Ann chooses first and Bob chooses second, then the equilibrium is that Ann $4,200 $7,000 O A. Ann chooses small and Bob chooses large. O B. both choose large. Large Boat O C. Ann chooses large and Bob chooses small. $16,800 $7,000 O D. both choose small. ....

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