Using the Following Payoff Table for Hardaway Corporation and Paxton

Multiple Choice

Using 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. The payoffs given are in thousands of dollars of profit per month.
$\begin{array} { l } &\text { Paxton Industries }\\ \text {Hardaway Corp. }&\begin{array}{l|lc|ll|ll|}&{\text { Low }} && {\text { Medium }} && {\text { High }} \\\hline\text {Low }& \text { A } & & \mathrm{B} & & \mathrm{C} & \\&& \$ 30, \$ 30 & & \$ 45, \$ 20 & & \$ 32, \$ 20 \\\hline \text {Medium }&\text { D } & & \mathrm{E} & & \mathrm{F} & \\&& \$ 20, \$ 45 & & \$ 40, \$ 40 & & \$ 45, \$ 35 \\\hline \text {High }&\mathrm{G} & & \mathrm{H} & & \mathrm{I} & \\&& \$ 15, \$ 48 & & \$ 38, \$ 52 & & \$ 50, \$ 50 \\\hline\end{array}\\ &\text { Payoffs in thousands of dollars of monthly profits. }\\\end{array}$
-Following the procedure of successive elimination of dominated strategies, the manager of Hardaway Corporation 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.