Refer to the Information Provided in Table 14 -Refer to Table 14

Refer to the information provided in Table 14.6 below to answer the question that follows.
Table 14.6
B's Strategy
$$\begin{array} { l l l l } \hline & & \text { Advertise } & \text { Don't Advertise } \\\hline & & \text { A's profit } \$ 150 & \text { A's profit } \$ 400 \\& & \text { million } & \text { million } \\& & \text { B's profit } \$ 150 & \text { B's profit } \$ 100 \\ & \text { Advertise } & \text { million } & \text { million } \\\text { A's Strategy } & & & \\& & \text { A's profit } \$ 100 & \text { A's profit } \$ 200 \\& \text { Don't } & \text { million } & \text { million } \\& & \text { B'sprofit } \$ 400 & \text { B's profit } \$ 200 \\& \text { Advertise } & \text { million } & \text { million }\end{array}$$
-Refer to Table 14.6. If both firms follow a maximin strategy, the equilibrium in the game is

A) (Advertise, Advertise) .
B) (Don't Advertise, Don't Advertise) .
C) (Don't Advertise, Advertise) .
D) (Advertise, Don't Advertise) .

Correct Answer:

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