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The Table Given Below Represents the Payoff Matrix of Firms

Question 29

Multiple Choice

The table given below represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs. The table given below represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.   -Given the information in Table 14-2,which firm has a dominant strategy? A) Firm A B) Firm B C) Both Firm A and Firm B D) Neither Firm A nor Firm B
-Given the information in Table 14-2,which firm has a dominant strategy?


A) Firm A
B) Firm B
C) Both Firm A and Firm B
D) Neither Firm A nor Firm B

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