The real interest rate is the interest rate corrected for inflation

If a number equal to the mean of a series of observations is added to the series, the new mean is:

A) smaller than the original mean. B) greater than the original mean. C) same as the original mean. D) either greater or smaller than the original mean depending on the number of observations in the series.

Refer to the scenario above. In the dominant strategy equilibrium, the payoff to Firm A is ________

A) $1.2 million B) $3.0 million C) $3.5 million D) $2.5 million