Multiple Choice
Use the following table to answer the question : Table 14-1 : shows the payoffs to Firm A and Firm B if they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm A's payoffs and the figure on the right indicates Firm B's payoffs.
-With reference to the payoff matrix in Table 14-1,which firm has a dominant strategy?
A) Firm A only
B) Firm B only
C) Both Firm A and Firm B
D) Neither firm has a dominant strategy
Correct Answer:
Verified
Correct Answer:
Verified
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