mether to produce a low output or a high output. nese output strategies with corresponding profits are depicted in the ayoff matrix to the right. Kuwait's profits are in red and Saudi Arabia's are in...

Extracted text: mether to produce a low output or a high output. nese output strategies with corresponding profits are depicted in the ayoff matrix to the right. Kuwait's profits are in red and Saudi Arabia's are in blue. Suppose the two countries form a cartel. What is the cooperative equilibrium? Kuwait O A. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a high output. Low Output High Output O B. A cooperative equilibrium does not exist for this game. $125 $75 Low Output O C. The cooperative equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a high output. $8 $13 Saudi Arabia O D. The cooperative equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a low output. $98 $70 E. The cooperative equilibrium is for Saudi Arabia to broduce a low output and Kuwait to produce a low output. High Output What is the Nash equilibrium for this game? O A. The Nash equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a low output. O B. The Nash equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a low output. O C. The Nash equilibrium is for Saudi Arabia to produce a high output and Kuwait to produce a high output. O D. The Nash equilibrium is for Saudi Arabia to produce a low output and Kuwait to produce a high output. O E. A Nash equilibrium does not exist for this game. Clear all 88,083 7 49 W %24 %24 ..... %24