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Use the following to answer question:
Figure: Payoff Matrix for the United States and the European Union Use the following to answer question: Figure: Payoff Matrix for the United States and the European Union -(Figure: Payoff Matrix for the United States and the European Union) Use Figure: Payoff Matrix for the United States and the European Union.Suppose that the United States and the European Union both produce corn,and each region can make more profit if output is limited and the price of corn is high.The Nash equilibrium combination is for the United States to produce a _____ output and the European Union to produce a _____ output. A) high;high B) high;low C) low;low D) low;high
-(Figure: Payoff Matrix for the United States and the European Union) Use Figure: Payoff Matrix for the United States and the European Union.Suppose that the United States and the European Union both produce corn,and each region can make more profit if output is limited and the price of corn is high.The Nash equilibrium combination is for the United States to produce a _____ output and the European Union to produce a _____ output.


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

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