AP Microeconomics Quiz
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Based on the payoff matrix below (profits in millions of dollars), which outcome results if both firms act in their self-interest? Payoffs are listed as (Firm A, Firm B)(\text{Firm A},\ \text{Firm B}). <table> <tr><th></th><th>Firm B: Expand Capacity</th><th>Firm B: Do Not Expand</th></tr> <tr><th>Firm A: Expand Capacity</th><td>(15, 15)</td><td>(55, 10)</td></tr> <tr><th>Firm A: Do Not Expand</th><td>(10, 55)</td><td>(40, 40)</td></tr> </table>
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