The Following Table Shows the Payoff Matrix of the Two

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-According to the payoffs in Table 12.1:

A) firm X will not advertise, no matter what, if Firm Y does not advertise.
B) firm X will advertise only if Firm Y does not advertise.
C) firm X does not have a dominant strategy, but Firm Y does.
D) firm Y does not have a dominant strategy, but Firm X does.
E) both firms will be better off if neither of them advertised.