(Table: Players 1 and 2 III) Payoffs represent profits in millions of dollars. Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibria are (80 , 100) and (70 , 40).
II. In a sequential game in which Player 1 moves first, the Nash equilibrium is (100 , 90).
III. In a simultaneous game that is played only once, the dominated strategy for Player 1 is Middle.
A) I, II, and III
B) II and III
C) I and III
D) I

Question

(Table: Players 1 and 2 III) Payoffs represent profits in millions of dollars.  Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibria are (80 , 100) and (70 , 40).
II. In a sequential game in which Player 1 moves first, the Nash equilibrium is (100 , 90).
III. In a simultaneous game that is played only once, the dominated strategy for Player 1 is Middle.
A) I, II, and III 
B) II and III 
C) I and III 
D) I

Quizplus · Accepted Answer

The Answer of (Table: Players 1 and 2 III) Payoffs represent profits in millions of dollars.  Which of the following statements is (are) TRUE?
I. In a simultaneous game that is played only once, the Nash equilibria are (80 , 100) and (70 , 40).
II. In a sequential game in which Player 1 moves first, the Nash equilibrium is (100 , 90).
III. In a simultaneous game that is played only once, the dominated strategy for Player 1 is Middle.
A) I, II, and III 
B) II and III 
C) I and III 
D) I

(Table: Players 1 and 2 III) Payoffs Represent Profits in Millions