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In the Game Depicted Below, Firms 1 and 2 Must

Question 66

Multiple Choice

In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices. In the game depicted below, firms 1 and 2 must independently decide whether to charge high or low prices.   A dominant strategy for firm 1 is: A)  high price. B)  low price. C)  different from firm 1's secure strategy. D)  low price and different from firm 1's secure strategy. A dominant strategy for firm 1 is:


A) high price.
B) low price.
C) different from firm 1's secure strategy.
D) low price and different from firm 1's secure strategy.

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