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What is the nash equilibrium for this​ game?
a. bp and the​ mini-mart will both not advertise.
b. bp will advertise and the​ mini-mart will not advertise.
c. bp and the​ mini-mart will both advertise.
d. the game has no nash equilibrium.
e. bp will not advertise and the​ mini-mart will advertise?

Respuesta :

The  nash equilibrium would be A.  bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.
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