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Refer to the normal-form game of price competition shown below. Firm B C D Firm A A 0,7 5,2 B 5,1 0,8 What are the
Refer to the normal-form game of price competition shown below.
Firm B | |||
C | D | ||
Firm A | A | 0,7 | 5,2 |
B | 5,1 | 0,8 |
What are the pure Nash equilibrium strategies for this game?
Group of answer choices
{(A, C) and (B, D)}.
There is no pure strategy Nash equilibrium to this game.
{(A, C)}.
{(B, C)}.
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