Use the Following Table to Answer the Question : Table

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.

-Refer to the payoff matrix in Table 14-1.Which of the following describes the dominant-strategy equilibrium in this game?

A) Both firms produce low output
B) Both firms produce high output
C) Firm A produces low output and Firm B produces high output
D) Firm A produces high output and Firm B produces low output