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6. Exercise 13.9 Nike and Adidas face the following coordination problem in trying to decide whether to conduct heavy or light combative advertising against the
6. Exercise 13.9 Nike and Adidas face the following coordination problem in trying to decide whether to conduct heavy or light combative advertising against the other firm. Nike Light Ads Heavy Ads Light Ads $30 M, $36 M $12 M, $18 M Adidas Heavy Ads $15 M, $12 M $24 M, $27 M Assuming that both companies announce their strategies simultaneously, which of the following set of strategies are Nash equilibrium? Check all that apply. O { Light AdsA with Probability = 0.4545, Light Ads, with Probability = 0.4444} O { Heavy AdsA, Heavy AdsN } O { Light AdsA, Heavy Ads~} O { Light AdsA with Probability = 0.6364, Light Ads with Probability = 0.5778} O { Heavy AdsA, Light Ads~ } O { Light AdsA, Light Ads~}
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