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(Figure: Payoff Matrix for Alex and Sybil) Use Figure: Payoff

Question 158

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(Figure: Payoff Matrix for Alex and Sybil) Use Figure: Payoff Matrix for Alex and Sybil. Alex and Sybil are the only producers of frozen yogurt in their town. Every week, each decides how much frozen yogurt to produce for the following week. The figure shows the profit per week earned by their two firms. The BEST response for Sybil is:

(Figure: Payoff Matrix for Alex and Sybil)  Use Figure: Payoff Matrix for Alex and Sybil. Alex and Sybil are the only producers of frozen yogurt in their town. Every week, each decides how much frozen yogurt to produce for the following week. The figure shows the profit per week earned by their two firms. The BEST response for Sybil is: ​    A) low output. B) high output C) low output when Alex produces a high output. D) high output when Alex produces a low output.


A) low output.
B) high output
C) low output when Alex produces a high output.
D) high output when Alex produces a low output.

Correct Answer:

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