Most doctors are employed by the government and most hospitals are owned by the government in

Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average-quality and a high quality product, to answer the questions that follow:

Firm 2 Average Quality High Quality Firm 1 Average Quality 600, 600 400, 1100 High Quality 1100, 400 900, 900 a. What is each player's dominant strategy? Explain your reasoning. b. Referring to the table above, is this an example of a prisoner's dilemma game? Why or why not? c. Is there a Nash equilibrium? If so, what is it?

Jane purchases snickle-dees only because her friends do. This is

A) price-leadership. B) negative-sum game. C) positive market feedback. D) negative market feedback.