Multiple Choice
Suppose two companies, Macrosoft and Apricot, are considering whether to develop a new product, a touch-screen t-shirt. The payoffs to each of developing a touch-screen t-shirt depend upon the actions of the other, as shown in the payoff matrix below (the payoffs are given in millions of dollars) . Which of the following statements is correct?
A) Apricot's dominant strategy is to develop a touch-screen t-shirt.
B) Apricot's dominant strategy is to develop a touch-screen t-shirt if Macrosoft does not.
C) Apricot's dominant strategy is to not develop a touch screen t-shift.
D) Apricot does not have a dominant strategy.
Correct Answer:

Verified
Correct Answer:
Verified
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