## (Solved) I have two questions on Nash Equilibrium. I understand the concept, but not how to do it with tables.

I have two questions on Nash Equilibrium. I understand the concept, but not how to do it with tables.

Use TableÂ A which contains a schedule for gymnastics lessons, the marginal cost is constant and equal to \$10. If there are two individuals who can provide these services, Anita and Dan, and they form a cartel, what will be their marginal revenue?

Table A

PÂ Â Â Â Â Â  Q

60Â Â Â Â 10

55Â Â Â Â  12

50Â Â Â Â 14

45Â Â Â  16

40Â Â Â Â 18Â

35Â Â Â  20

30Â Â Â  22Â

A. \$60

B. \$45

C. \$40

D. \$10

E. None of the above

And then

2. Use the table. Suppose Sebastien joins Dave and Carlos in giving gymnastic lessons. In the Nash Equilibrium, they will produce a total of _____ lessons.

A. 16

B. 18

C. 20

D. 22

E. None of the above

Having issues figuring it out. Thanks for the help!

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