Refer to the Information Provided in Table 14 -Refer to Table 14

question 6

Multiple Choice

Refer to the information provided in Table 14.1 below to answer the question that follows.
Table 14.1
B's Strategy
$\begin{array}{c}\begin{array}{lll}\\\hline\\\\\text { A's Strategy }\\\\\\ \end{array}\begin{array}{lll}\text { Raise Price }\\\hline \text {Raise A's profit \( \$ 3,000 \) }\\ \text {Price B's profit \( \$ 3,000 \) }\\\\ \text {Don't A's profit \( \$ 15,000 \) }\\ \text {Raise \( B^{\prime} \) s profit \( \$ 10,000 \) } \end{array}\begin{array}{lll}\text { Don't Raise Price}\\\hline\text { A's profit \( \$ 10,000 \) }\\\text { B's profit \( \$ 15,000 \) }\\\\\text { A's profit \( \$ 5,000 \) }\\\text { B's profit \( \$ 5,000 \) } \end{array}\end{array}$

-Refer to Table 14.1. If both firms follow a maximin strategy, the equilibrium in the game is

• A) (Raise Price, Don't Raise Price).
• B) (Raise Price, Raise Price).
• C) (Don't Raise Price, Raise Price).
• D) (Don't Raise Price, Don't Raise Price).

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Definitions:

Ergonomic

Ergonomics involves designing workplaces, products, and systems for safe and efficient use by humans.

Organizational Goals

Objectives or targets that a collective seeks to accomplish through coordinated efforts, often to fulfill its mission and strategic vision.

Actively Disengaged Employees

Workers who are not just uninterested in their jobs but are also mentally and emotionally disconnected from their workplaces, often leading to negative impacts on productivity and morale.

Multiculturalism

Multiculturalism is the coexistence of diverse cultures, where cultural differences are acknowledged and valued, often aimed at fostering inclusivity and diversity in society or organizations.