Given the Following "Payoff Matrix" for Two Interdependent Firms in Duopoly

question 3

Multiple Choice

Given the following "payoff matrix" for two interdependent firms in duopoly, where the figure in the lower left of each box shows Firm H's profit and the figure in the upper right of each box shows Firm F's profit:

In this situation Firm F will __________.

• A) always produce
• B) never produce
• C) produce only if its cost of production is less than $120
• D) never produce if its cost of production exceeds $10

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