QUESTION 5 Consider the game below What can we say about Nas

QUESTION 5 Consider the game below. What can we say about Nash equilibrium in this game? Player-2 A 99,49 249, 351 B 400, 99 53, 255 Player-1 There is no Nash equilibrium. O (A,A) is a Nash equilibrium. O (A,B) is a Nash equilibrium. O (B,B) is a Nash cquilibrium.

Solution

Answer:

The correct answer is C. (A,B) is a Nash equilibrium with payoffs of (249,351) . The correct answer is thus C. This is the Nash equilibrium.