(Table: Owens Corning and GAF Capacity Expansion I) Payoffs represent profits in millions of dollars. The Nash equilibrium:
A) does not exist.
B) occurs when both firms choose small expansion.
C) occurs when both firms choose large expansion.
D) occurs when both firms choose no expansion.

Question

(Table: Owens Corning and GAF Capacity Expansion I) Payoffs represent profits in millions of dollars.  The Nash equilibrium:
A) does not exist. 
B) occurs when both firms choose small expansion. 
C) occurs when both firms choose large expansion. 
D) occurs when both firms choose no expansion.

Quizplus · Accepted Answer

The Answer of (Table: Owens Corning and GAF Capacity Expansion I) Payoffs represent profits in millions of dollars.  The Nash equilibrium:
A) does not exist. 
B) occurs when both firms choose small expansion. 
C) occurs when both firms choose large expansion. 
D) occurs when both firms choose no expansion.

(Table: Owens Corning and GAF Capacity Expansion I) Payoffs Represent