Multiple Choice
The table below shows the payoff matrix in the form of short-run profit for two firms,A and B,for two different strategies,investing in new capital or not investing.
-Refer to the payoff matrix above.For firm B,
A) investing is its dominated strategy.
B) not investing is its dominated strategy.
C) it has no dominated strategy.
D) not investing is its dominant strategy.
E) it has no dominant strategy.
Correct Answer:

Verified
Correct Answer:
Verified
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