(Figure: Payoff Matrix for Alex and Sybil) Use Figure: Payoff Matrix for Alex and Sybil. Alex and Sybil are the only producers of frozen yogurt in their town. Every week, each decides how much frozen yogurt to produce for the following week. The figure shows the profit per week earned by their two firms. In the game's Nash equilibrium, Alex produces _____, and Sybil produces _____.

A)high; high
B)high; low
C)low; high
D)low; low

Question

(Figure: Payoff Matrix for Alex and Sybil) Use Figure: Payoff Matrix for Alex and Sybil. Alex and Sybil are the only producers of frozen yogurt in their town. Every week, each decides how much frozen yogurt to produce for the following week. The figure shows the profit per week earned by their two firms. In the game's Nash equilibrium, Alex produces _____, and Sybil produces _____.
​
 
A)high; high 
B)high; low 
C)low; high 
D)low; low

Quizplus · Accepted Answer

The Answer of (Figure: Payoff Matrix for Alex and Sybil) Use Figure: Payoff Matrix for Alex and Sybil. Alex and Sybil are the only producers of frozen yogurt in their town. Every week, each decides how much frozen yogurt to produce for the following week. The figure shows the profit per week earned by their two firms. In the game's Nash equilibrium, Alex produces _____, and Sybil produces _____.
​
 
A)high; high 
B)high; low 
C)low; high 
D)low; low