The Following Table Shows the Payoff Matrix of the Two

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) in dollars when they advertise and when they do not advertise. Table 11.1
- According to the payoffs in Table 11.1:

A) Firm X will not advertise,no matter what,if Firm Y does not advertise.
B) Firm X will advertise only if Firm Y does not advertise.
C) Firm X does not have a dominant strategy,but Firm Y does.
D) Firm Y does not have a dominant strategy,but Firm X does.
E) Both firms would be better off if neither advertised.