Question
Consider a simultaneous game, where the companies TREX and C2XM have allied to provide transportation services. TREX operates rail and water transportation modes, while C2XM
Consider a simultaneous game, where the companies TREX and C2XM have allied to provide transportation services. TREX operates rail and water transportation modes, while C2XM operates ground and air transportation. Each company can invest in only one of their modes and this decision will impact both players. For example, if TREX invests in rail and C2XM invests in ground, TREX's payoff is 5 and C2XM's payoff is 3, i.e., payoff(rail, ground) = (5, 3). Following this notation, the other payoffs are: payoff(water, ground) = (2, 4), payoff(rail, air) = (4, 2), payoff(water, air) = (2, 4),
>>> Question: What is the pure strategy Nash equilibrium of this game?
Group of answer choices
A). water and ground
B). rail and air
C). rail and ground
D). water and air
Part 2:
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