Use the Following Table to Answer the Question : Table

Multiple Choice

Use the following table to answer the question : Table 15-3: Abbott and Costello are two firms that compete with each other in the market for ice-cream.They can price their product at a high,medium,or low price.The following matrix shows their profits from their respective pricing strategies.

-Refer to Table 15-3.When the concept of iterated dominance is used,Abbott and Costello will:

A) not arrive at a unique pricing strategy.
B) use the medium-pricing strategy.
C) use the high-pricing strategy.
D) use the low-pricing strategy.