Two firms are in the chocolate market. Each can choose to go for the high end of the market (high quality) or the low end (low quality). Resulting profits are given by the payoff matrix to the right. Firm 1

Low High

Firm 2 Low -20, -30 900, 600

High 100, 800 50, 50

What outcomes, if any, are Nash equilibria?

Which table shows a proportional relationship between miles traveled and gas used?

Answer for 10 points show work you guys in advanced < 3

Jack is considering a list of features and fees for current bank: jack plans on using network atms about 4 times per month. what would be jack’s total estimated annual fees for a checking account with direct paycheck deposit, one overdraft per year, and no 2nd copies of statements? a. $44 b. $104 c. $144 d. $176