A gardener has two helpers who are paid on a daily basis. Between both the helpers, the gardener can only spare $100 a day.If both come to work, the money is divided equally. If only one shows up, he gets the entire amount. The pay-offs for the two helpers are given in the table below. Which of the strategies is a Nash equilibrium?

MCQs on major topics and theories in the field of Industrial Organization. Topics include: Market structure analysis and the strategic behaviors of competing firms, including (but not limited to) product differentiation, collusion, price discrimination, pricing strategy, non-price discrimination (i.e. advertising), horizontal mergers, vertical integration, and vertical restraints.