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(Table) HH Gregg and Best Buy Are Competing for Sales

Question 28

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?
 HH Gregg  Best Buy  High  Low  High 100,10030,120 Low 120,3050,50\begin{array}{c}\quad \quad \quad \quad \quad \quad \quad \quad \text { HH Gregg }\\\begin{array}{ccc} \text { Best Buy }\\&& \text { High } & \text { Low } \\&\text { High } & 100,100 & 30,120 \\&\text { Low } & 120,30 & 50,50\end{array}\end{array}


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.

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