The following game table shows the payoffs for two competing pet resorts: Pet Palace and Paw Paradise (Pet Palace's payoffs are listed first in each outcome). The Nash equilibrium in this game is _____ and this game is best categorized as a _____.

A) Low, Low = 75, 15; leadership game
B) High, Low = 90, 25; leadership game
C) High, High = 100, 20; prisoner's dilemma
D) Low, Low = 75, 15; prisoner's dilemma

Question

The following game table shows the payoffs for two competing pet resorts: Pet Palace and Paw Paradise (Pet Palace's payoffs are listed first in each outcome) . The Nash equilibrium in this game is _____ and this game is best categorized as a _____.

A) Low, Low = 75, 15; leadership game 
B) High, Low = 90, 25; leadership game 
C) High, High = 100, 20; prisoner's dilemma 
D) Low, Low = 75, 15; prisoner's dilemma

Quizplus · Accepted Answer

The Answer of The following game table shows the payoffs for two competing pet resorts: Pet Palace and Paw Paradise (Pet Palace's payoffs are listed first in each outcome). The Nash equilibrium in this game is _____ and this game is best categorized as a _____.

A) Low, Low = 75, 15; leadership game 
B) High, Low = 90, 25; leadership game 
C) High, High = 100, 20; prisoner's dilemma 
D) Low, Low = 75, 15; prisoner's dilemma

The Following Game Table Shows the Payoffs for Two Competing