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Consider the Accompanying Payoff Matrix

Question 73

Multiple Choice

Consider the accompanying payoff matrix. Consider the accompanying payoff matrix. If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________. A) 300; 300 B) 50; 50 C) 500; 10 D) 10; 500 If Column Cruises offers reduced rates, and Row Resorts keeps its rates high, then Row Resorts will earn ________, and Column Cruises will earn ________.


A) 300; 300
B) 50; 50
C) 500; 10
D) 10; 500

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