The Table Below Shows the Payoff Matrix in the Form

question 12

Multiple Choice

The table below shows the payoff matrix in the form of short-run profit for two firms,A and B,for two different strategies,investing in new capital or not investing.
-Refer to the payoff matrix above.For firm B,

• A) investing is its dominated strategy.
• B) not investing is its dominated strategy.
• C) it has no dominated strategy.
• D) not investing is its dominant strategy.
• E) it has no dominant strategy.

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Definitions:

External Equity

The concept of ensuring compensation and benefits offered are competitive with those in the external job market to attract and retain talent.

Pay Equity

The principle of compensating employees equally for jobs requiring comparable skills, effort, and responsibility, without discrimination on the basis of gender, ethnicity, or other irrelevant factors.

Internal Equity

The practice of ensuring fairness and consistency in pay structures for employees within an organization, based on their roles, experience, and performance.

Subjective Evaluations

Assessments based on personal judgments or opinions rather than on quantifiable metrics or objective criteria.