The table below shows the payoff matrix for players A and B to strategies X and Z.
-Refer to the payoff matrix above.This game results in which of the following outcomes?
A) A Nash equilibrium with player A choosing strategy Z and player B choosing strategy X.
B) A Nash equilibrium with player A choosing strategy X and B choosing strategy Z.
C) There is no equilibrium with both players choosing strategy Z.
D) A Nash equilibrium with both players choosing strategy Z.
E) A Nash equilibrium with both players choosing strategy X.
Correct Answer:
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