managerial economics mathQ6
posted by jenny on .
A and B are playing a simultaneous moves game. A can choose either High or Low and B can choose either Near or Far. If A chooses High and B chooses Near, A receives 5 and B receives 5. If A chooses High and B chooses Far A receives 3 and B receives 7. If A chooses Low and B chooses Near A receives 7 and B receives 3. If A chooses Low and B chooses Far, both receive 2.
(a) Write out a table representing each player¡¦s strategies and payoffs.
(c)What is/are the Nash equilibrium of this game?