Multiple Choice
Use the following case from question
Two ice cream trucks A&B are playing a simultaneous pricing game.If one of them prices low,he gets all the customers,a payoff of 12,while other gets zero.If both price high they each get a payoff of 6 and if both price low,they get a payoff of 5.
-What is the Nash equilibrium of this game?
A) Both the vendors price high
B) Both the vendors price low
C) Vendor A prices high,vendor B prices low
D) Vendor B prices high,vendor A prices low
Correct Answer:
Verified
Correct Answer:
Verified
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