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(Table) Referring to the Payoff Matrix for Natasha and Marla

Question 276

Multiple Choice

(Table) Referring to the payoff matrix for Natasha and Marla (which shows Natasha's profits in plain text and Marla's profits in italic) , who has a dominant strategy?
 Marla’s Manicures  High Price  Price  Natasha’s Nail Salon  High Price $4,000$4,500$700$3,500 Low Price $2,800$500$3,000$3,700\begin{array}{c} \quad \quad \quad \quad \quad \quad \quad \text { Marla's Manicures } \\\begin{array}{|l|l|ll|ll|}\hline & & {\text { High Price }} & &{\text { Price }} \\\hline \text { Natasha's Nail Salon } & \text { High Price } & \$ 4,000 & \$ 4,500 & \$ 700 & \$ 3,500 \\\hline &\text { Low Price } & \$ 2,800 & \$ 500 & \$ 3,000 & \$ 3,700 \\\hline\end{array}\end{array}


A) both Natasha and Marla
B) neither Natasha nor Marla
C) Natasha, but not Marla
D) Marla, but not Natasha

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