Multiple Choice
Use the following payoff table for Hardaway Corporation and Paxton Industries.These two firms must make simultaneous pricing decisions.They can choose low,medium,or high prices. 
Following the procedure of successive elimination of dominated strategies,the manager of Paxton Industries will eliminate in the first round the strategy of setting
A) a low price.
B) a medium price.
C) a high price.
D) None of the above; Paxton Industries does not have a dominated strategy.
Correct Answer:
Verified
Correct Answer:
Verified
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