Abbott and Costello Are Two Firms That Compete with Each

Multiple Choice

Abbott and Costello are two firms that compete with each other in the market for ice-cream.They can price their product at a high,medium,or low price.The following matrix shows their profits from their respective pricing strategies.
Table 15-3
-Refer to Table 15-3.What is the highest payoff from Abbott's dominated strategy?

A) $100
B) $115
C) $107
D) $60