The payoff matrix below shows the payoffs for Firm A and Firm B, each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A, payoff for B). Firm B Cooperate Cheat Cooperate (30,30) (х,10) Cheat (10, x) (20,20) Firm A What is the minimum value for x in order for both firms' cheating to be the only Nash equilibrium? ... O A. 21 О В. 45 С. 55 O D. 40 O O O O

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The payoff matrix below shows the payoffs for Firm A and Firm B, each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A, payoff for B).
Firm B
Cooperate
Cheat
Сооperate
(30,30)
(х,10)
Cheat
(10, х)
(20,20)
Firm A
What is the minimum value for x in order for both firms' cheating to be the only Nash equilibrium?
А. 21
В. 45
Ос. 55
D. 40
О Е. 50
Transcribed Image Text:The payoff matrix below shows the payoffs for Firm A and Firm B, each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A, payoff for B). Firm B Cooperate Cheat Сооperate (30,30) (х,10) Cheat (10, х) (20,20) Firm A What is the minimum value for x in order for both firms' cheating to be the only Nash equilibrium? А. 21 В. 45 Ос. 55 D. 40 О Е. 50
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