Multiple Choice
(Table) HH Gregg and Best Buy are competing for sales for their newest high-capacity mobile device battery packs. Each firm has a pricing strategy of either a high price or a low price. Profits for each store are listed in the payoff boxes, with Best Buy's payoff listed first. Based on the table, does either store have a dominant strategy in this game?
A) Best Buy has a dominant strategy, but HH Gregg does not.
B) HH Gregg has a dominant strategy, but Best Buy does not.
C) Both stores have a dominant strategy.
D) Neither store has a dominant strategy.
Correct Answer:

Verified
Correct Answer:
Verified
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