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.When the concept of iterated dominance is used,Abbott and Costello will:

A) not arrive at a unique pricing strategy.
B) use the medium-pricing strategy.
C) use the high-pricing strategy.
D) use the low-pricing strategy.