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Consider the Accompanying Payoff Matrix

Question 45

Multiple Choice

Consider the accompanying payoff matrix. Consider the accompanying payoff matrix. If both firms offer reduced rates, each earns ________, and if both firms keep their rates high, each earns ________. A) 300; 50 B) 50; 300 C) 300; 500 D) 500; 300 If both firms offer reduced rates, each earns ________, and if both firms keep their rates high, each earns ________.


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

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