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Question 59

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Use the following to answer questions:
Scenario: Payoff Matrix for Two Firms
The following table provides the payoff matrix for two firms, firm A and firm B. They are the only two firms in the industry and can either compete or cooperate with each other, with the following profit results reflecting their actions. Use the following to answer questions: Scenario: Payoff Matrix for Two Firms The following table provides the payoff matrix for two firms, firm A and firm B. They are the only two firms in the industry and can either compete or cooperate with each other, with the following profit results reflecting their actions.   -(Scenario: Payoff Matrix for Two Firms)  In the scenario Payoff Matrix for Two Firms, firm B: A)  has a dominant strategy to compete. B)  has a dominant strategy to cooperate. C)  has two dominant strategies. D)  has no dominant strategy.
-(Scenario: Payoff Matrix for Two Firms) In the scenario Payoff Matrix for Two Firms, firm B:


A) has a dominant strategy to compete.
B) has a dominant strategy to cooperate.
C) has two dominant strategies.
D) has no dominant strategy.

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