Multiple Choice
Use the following table to answer the question : Table 15-1: payoff matrix shows the profits accruing to two firms,Company C and Company D,under different pricing strategies.In each cell,the figure on the left indicates Company C's payoff and the figure on the right indicates Company D's payoff.
-Refer to Table 15-1.If X = 145 and Y = 62,it is evident that _____.
A) both firms have a dominant strategy.
B) neither firm has a dominant strategy.
C) only company C has a dominant strategy.
D) only company D has a dominant strategy.
Correct Answer:
Verified
Correct Answer:
Verified
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