What is the equilibrium payoff for the stores?

What is the equilibrium payoff for the stores?
 a. Megastore 95 and Superstore 80
 b. Megastore 305 and Superstore 55
  c. Megastore 65 and Superstore 285
  d. Megastore 165 and Superstore 115

QUESTION 2

A price elasticity of demand of 2.3 implies
 a. Demand is inelastic
 b. Demand is elastic
 c. Demand is unitary elastic
 d. Demand is perfectly elastic

QUESTION 3

The Nash equilibrium for the game is
 a. For both stores to advertise
 b. For megastore to advertise and for superstore not to advertise
  c. For megastore not to advertise and for superstore to advertise
  d. For both stores to not advertise

QUESTION 4

Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10 in the market for ice cream. What is the aggregate own price elasticity of the market?
 a. 0.1
  b. 0.5
  c. 0.7
  d. 1

QUESTION 5

What is the Nash equilibrium of the game?
 a. Low, Low
 b. Low, High
 c. High, Low
 d. High, High

QUESTION 6

The own price elasticity of Anne's apple pies is 5 . If the aggregate market for apple pies has an own price elasticity of 1.25, Anne's apple pies has an approximate market share of
 a. 6.25
  b. 25
 c. 10
 d. 20