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Question 49

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Use the following table to answer the question : Table 15-2: 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.
Use the following table to answer the question : Table 15-2: 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. -Refer to Table 15-2.Which of the following is true? A) Company B's dominant strategy is to set a high price. B) Company B's dominant strategy is to set a medium price. C) Company B's dominant strategy is to set a low price. D) Company B does not have a dominant strategy.
-Refer to Table 15-2.Which of the following is true?


A) Company B's dominant strategy is to set a high price.
B) Company B's dominant strategy is to set a medium price.
C) Company B's dominant strategy is to set a low price.
D) Company B does not have a dominant strategy.

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