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economics question 3. Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay, simultaneously. Betsy Leave

economics question

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3. Alice and Betsy are playing a game in which each can play either of two strategies, leave or stay, simultaneously. Betsy Leave Stay Leave Alice $300 , $300 SD , $C Stay $C, $D $600 , $600 If you know that a Nash equilibrium exists where both players play 'leave', which of the following statements is correct? Briefly explain. a. Never, since $600 > $300. b. Whenever D C and C > $300. d. Whenever $300 > C

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