(Scenario: Payoff Matrix for Firms X and Y)Use Scenario: Payoff

Multiple Choice

(Scenario: Payoff Matrix for Firms X and Y) Use Scenario: Payoff Matrix for Firms X and Y.If firm Y were to choose its dominant strategy,it would: Scenario: Payoff Matrix for Firms X and Y
The following payoff matrix depicts the profits for the only two firms in this oligopolistic industry.

A) choose a low price.
B) choose a high price.
C) encounter a dilemma since there are two dominant strategies.
D) allow firm X to dominate the industry.