-Refer to Figure 2.7, which summarizes the payoffs in thousands of dollars to two firms in a duopolistic industry arising from alternative pricing strategies. Assume that this is a simultaneous-move, non-cooperative, one-time game. The payoffs for this game are:
A) (300, 350).
B) (-100, 425).
C) (400, -150).
D) (190, 180).
E) (400, 425).

Question

-Refer to Figure 2.7, which summarizes the payoffs in thousands of dollars to two firms in a duopolistic industry arising from alternative pricing strategies. Assume that this is a simultaneous-move, non-cooperative, one-time game. The payoffs for this game are:
A) (300, 350). 
B) (-100, 425). 
C) (400, -150). 
D) (190, 180). 
E) (400, 425).

Quizplus · Accepted Answer

The Answer of 
-Refer to Figure 2.7, which summarizes the payoffs in thousands of dollars to two firms in a duopolistic industry arising from alternative pricing strategies. Assume that this is a simultaneous-move, non-cooperative, one-time game. The payoffs for this game are:
A) (300, 350). 
B) (-100, 425). 
C) (400, -150). 
D) (190, 180). 
E) (400, 425).