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
-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:

Verified
Correct Answer:
Verified
Q46: The figure given below shows the revenue
Q47: The table below shows the payoff (profit)
Q48: The table below shows the payoff (profit)
Q49: The table below shows the payoff (profit)
Q50: The figure given below shows the revenue
Q52: The following table shows the payoff matrix
Q53: The table below shows the payoff (profit)
Q54: The figure given below shows the revenue
Q55: The table below shows the payoff (profit)
Q56: The table below shows the payoff (profit)