Multiple Choice
The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2
-Refer to Table 15-2.Using iterated dominance,one can conclude that in equilibrium:
A) company A chooses a high price and company B chooses a medium price.
B) both company A and company B choose a high price.
C) both company A and company B choose a medium price.
D) company A chooses a medium price and company B chooses a high price.
Correct Answer:

Verified
Correct Answer:
Verified
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