Table 17-32
Suppose that Angelina and Brad own the only two professional photography stores in town. Each must choose between a low price and a high price for senior photo packages. The annual economic profit from each strategy is indicated in the table below:
Angelina
Low price High price 
-Refer to Table 17-32. Does Angelina have a dominant strategy? If so, describe it.
Definitions:
Direct Method
An accounting practice for presenting cash flows from operating activities by listing major classes of gross cash receipts and payments.
Operating Activities
Business actions involving the primary operations and transactions of a company.
Taxes Payable
The amount of tax liability a company owes to the government but has not yet paid; it appears as a liability on the balance sheet.
Company's Own Stock
Shares that were issued and have been repurchased by the company itself, reducing the amount of outstanding stock on the open market.
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