Question: Please help with this practice question. Maria and Jose both produce strawberry jam and sell it at the local fair. They each much decide whether
Please help with this practice question.

Maria and Jose both produce strawberry jam and sell it at the local fair. They each much decide whether to charge $8 for a jar of jam or $4 a jar. The following table gives the payoffs associated with each of their choices: Jose Charge $8 Charge $4 Charge Maria: $200 Maria: $50 Maria $8 Jose: $180 Jose: $280 Charge Maria: $300 Maria: $180 $4 Jose: $40 Jose: $150 At the Nash equilibrium Maria will choose to and Jose will choose to O charge $8 ; charge $8 O charge $8 ; charge $4 O charge $4; charge $8 O charge $4 ; charge $4 O There are multiple Nash equilibriums. O There is no Nash equilibrium
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