Question 10 Consider the following simultaneous move game. Two firms are considering where to open their flagship store in a state they are expanding into. After they simultaneously make their decisions, they compete and earn the additional profits (in millions) given in the cell corresponding to the location they both chose. Which of the following statements is true (The underlined payoffs are for firm 1) Firm 2 Locations Location Location Location 1 2 3 10,4 5.3 3.2 Location X Firm 1 A B C L Locations 0 1 4.6 6,0 Location y D E F 2.1 35 2,8 Location Z G H I A. Location 1 is a dominated strategy for firm 2 B. Location Z is a dominated strategy for firm1 C. Cell E is the Nash equilibrium D. Both B and C are true E. Both A and Care true F. Both A and B are true Question 10 Consider the following simultaneous move game. Two firms are considering where to open their flagship store in a state they are expanding into. After they simultaneously make their decisions, they compete and earn the additional profits (in millions) given in the cell corresponding to the location they both chose. Which of the following statements is true (The underlined payoffs are for firm 1) Firm 2 Locations Location Location Location 1 2 3 10,4 5.3 3.2 Location X Firm 1 A B C L Locations 0 1 4.6 6,0 Location y D E F 2.1 35 2,8 Location Z G H I A. Location 1 is a dominated strategy for firm 2 B. Location Z is a dominated strategy for firm1 C. Cell E is the Nash equilibrium D. Both B and C are true E. Both A and Care true F. Both A and B are true