-The Snake River Company and the Loblolly River Company Are

Multiple Choice

-The Snake River Company and the Loblolly River Company are considering their respective advertising campaigns. Figure 2.10 summarizes the possible payoffs (in thousands of dollars) to each company from each combination of advertising strategies. If larger payoffs are preferred, which firm has a strictly dominant strategy?

A) Snake River Company
B) Loblolly River Company
C) Both companies
D) Neither company