Which of the following is true?
A. A dominant strategy for Firm A is to advertise.
B. A dominant strategy for Firm B is to advertise.
C. A Nash equilibrium is for both firms to advertise.
D. None of the above are true.
Answer:D
Which of the following is true?
A. A dominant strategy for Firm A is to advertise. B. A dominant strategy for Firm B is to advertise. C. A Nash equilibrium is for both firms to advertise. D. None of the above are true.