Hello, I am having trouble with Nash equilibrium problems. For the question below I have come up with letter C. 70 as my answer. Could you confirm if this is correct and explain. Thank you.
Consider a version of the Tragedy of the Commons in which herder 1 and 2 simultaneously choose to graze quantities of sheep q1 and q2 , respectively, and in which the payoff functions are q1 (150 - q1 - q2) for 1 and q2 (150 - q1 - q2) for 2. The Nash equilibrium is q1* = q2* =:
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