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Use the Table Below to Answer Questions 5-7

Question 19

Multiple Choice

Use the table below to answer questions 5-7.Assume it's a simultaneous-move game.
Use the table below to answer questions 5-7.Assume it's a simultaneous-move game. -What's the dominant strategy for each firm? A) Charge a low price B) Charge a high price C) Firm A charge a low price and firm B charge a high price D) Firm A charge a high price and firm B charge a low price
-What's the dominant strategy for each firm?


A) Charge a low price
B) Charge a high price
C) Firm A charge a low price and firm B charge a high price
D) Firm A charge a high price and firm B charge a low price

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