Multiple Choice
The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2
-Refer to Table 12.2. If firm B follows its dominant strategy but firm A does not, then firm B earns a profit of:
A) $45.
B) $40.
C) $20.
D) $60.
E) $50
Correct Answer:

Verified
Correct Answer:
Verified
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