Refer to the information provided in Table 14.2 below to answer the question that follows.
Table 14.2B's Strategy
?AdvertiseDon't Advertise??A's profit $100 millionA's profit $200 million?AdvertiseB's profit $100 millionB's profit $50 millionA's Strategy????Don'tA's profit $50 millionA's profit $75 million?AdvertiseB's profit $200 millionB's profit $75 millionRefer to Table 14.2. What is the Nash equilibrium in the game?
A. (Don't Advertise, Advertise)
B. (Advertise, Don't Advertise)
C. (Advertise, Advertise)
D. (Don't Advertise, Don't Advertise)
Answer: C
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