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The Following Payoff Matrix Shows the Profits Accruing to Two

Question 60

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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 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.
-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.

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