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The Following Provides Information for a One-Shot Game What Are the Dominant Strategies for Firm a and Firm

Question 130

Multiple Choice

The following provides information for a one-shot game.  Firm B Firm A Low Price  High Price  Low Price (2,2) (10,8)  High Price (8,10) (15,15) \begin{array}{l}\quad\quad\quad\quad\quad\quad\text { Firm B}\\\text { Firm A}\begin{array}{|l|l|l|} \hline &\text { Low Price } & \text { High Price }\\\hline & & \\\text { Low Price } & (2,2) & (10,-8) \\\hline & & \\\text { High Price } & (-8,10) & (15,15) \\\hline\end{array}\end{array} What are the dominant strategies for firm A and firm B respectively?


A) (low price, high price)
B) (high price, low price)
C) (high price, high price)
D) Neither firm has a dominant strategy.

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