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Given the following action and payoff table, which answer is correct? Firm B Firm B Cooperate Pull out Firm A Cooperate 200, 200 0, 0
Given the following action and payoff table, which answer is correct?
Firm B | Firm B | ||
Cooperate | Pull out | ||
Firm A | Cooperate | 200, 200 | 0, 0 |
Firm A | Pull out | 0, 0 | 100, 100 |
Nash Equilibrium exists: Don't Expand, Don't Expand
Nash Equilibrium exists: A - Don't Expand, B - Expand
Nash Equilibrium exists: A - Expand, B - Don't Expand
Nash Equilibrium exists: A - Expand, B - Expand
Nash Equilibrium doesn't exist.
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