Solved

The Following Table Shows the Payoff Matrix of the Two

Question 51

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
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    -Refer to Table 12.1. If firm Y follows its dominant strategy and firm X does not then: A) firm X earns $150 and firm Y earns $200. B) firm X earns $50 and firm Y earns $200. C) firm X earns $150 and firm Y earns $180. D) firm X earns $50 and firm Y earns $100. E) firm X earns $150 and firm Y earns $100.
-Refer to Table 12.1. If firm Y follows its dominant strategy and firm X does not then:


A) firm X earns $150 and firm Y earns $200.
B) firm X earns $50 and firm Y earns $200.
C) firm X earns $150 and firm Y earns $180.
D) firm X earns $50 and firm Y earns $100.
E) firm X earns $150 and firm Y earns $100.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions