Scenario: the Payoff Matrix Given Below Shows the Payoffs to Two

Multiple Choice

Scenario: The payoff matrix given below shows the payoffs to two firms in millions of U.S. dollars for choosing two alternative strategies. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.Which of the following will happen in equilibrium?

A) Firm A will choose Strategy X, and Firm B will choose Strategy Y.
B) Firm A will choose Strategy Y, and Firm B will choose Strategy X.
C) Both the firms will choose Strategy X.
D) Both the firms will choose Strategy Y.