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Consider the Accompanying Payoff Matrix

Question 102

Multiple Choice

Consider the accompanying payoff matrix. Consider the accompanying payoff matrix.   When Row Resorts and Column Cruises both play their dominant strategy: A) both firms do better than if they had both played their dominated strategy. B) Row Resorts earns a higher profit than does Column Cruises. C) both firms do worse than if they had both played their dominated strategy. D) Column Cruises earns a higher profit than does Row Resorts. When Row Resorts and Column Cruises both play their dominant strategy:


A) both firms do better than if they had both played their dominated strategy.
B) Row Resorts earns a higher profit than does Column Cruises.
C) both firms do worse than if they had both played their dominated strategy.
D) Column Cruises earns a higher profit than does Row Resorts.

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