-Brian and Matt Own the Only Two Bicycle Repair Shops

Multiple Choice

-Brian and Matt own the only two bicycle repair shops in town.Each must choose between a low price for repair work and a high price.The yearly economic profits from each strategy are indicated in Figure 11-12.The upper right side of each rectangle shows Brian's profits;the lower left side shows Matt's profits.Which of the following statements is correct?

A) Matt's dominant strategy is to charge a low price.
B) Brian's dominant strategy is to charge a high price.
C) The dominant strategy for both Brian and Matt is to charge a low price.
D) Matt's dominant strategy is to charge a high price.
E) Neither Brian nor Matt has a dominant strategy.