The Following Matrix Gives the Profits (In Thousands of Dollars)for

Multiple Choice

The following matrix gives the profits (in thousands of dollars) for Firm 1 and Firm 2 from high-price,medium-price,and low-price pricing strategies:
Table 10-1

-Refer to Table 10-1.Identify Firm 1's dominant strategy.

A) Firm 1's dominant strategy is the medium-price strategy.
B) Firm 1 does not have a dominant strategy.
C) Firm 1's dominant strategy is the high-price strategy.
D) Firm 1's dominant strategy could be low-price or medium-price depending on its bargaining power.
E) Firm 1's dominant strategy is the low-price strategy.