Refer to the following payoff matrix:Player 1Player 2??Low QHigh Q?Low Q$50,$5$15,$30?High Q$40,$2$2,$1The Nash equilibrium for the simultaneous-move game depicted in the payoff matrix is:

A. {(A,a)}.
B. {B,b)}.
C. {(A,a) and (A,b)}.
D. There is no pure strategy Nash equilibrium to this game.


Answer: D

Economics

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