Multiple Choice
Use the following case from question
Two roommates John and Joe are playing a simultaneous game of cleaning the apartment.If neither of them clean,the apartment gets filthy and both get a utility of 2.If John cleans and Joe doesn't,John gets a utility of 1 and Joe gets a utility of 4.If Joe cleans and John doesn't,Joe gets a utility of 1 and John gets a utility of 4 and if both clean up the apartment,they each get a utility of 3.
-Is the equilibrium efficient?
A) Yes,since they are both maximizing the utility
B) No,since they could both get more utility
C) One should keep the house clean
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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