Table 17-24 Two Firms Are Considering Going Out of Business and Selling

question 171

Multiple Choice

Table 17-24
Two firms are considering going out of business and selling their assets. Each considers what happens if the other goes out of business. The payoff matrix below shows the net gain or loss to each firm.
-Refer to Table 17-24. Which firms have a dominant strategy?

• A)A and B
• B)Neither A nor B
• C)A but not B
• D)B but not A

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Definitions:

Group Creativity

The phenomenon where innovation and creative solutions emerge from the collaborative effort of a group.

Managers

Individuals responsible for directing and overseeing the work of others and making decisions on behalf of an organization or department.

Creativity

The talent for formulating original and uncommon notions, or for crafting something that is both new and imaginative.

Workplace

Workplace is the location or environment where people are employed to perform tasks or jobs, encompassing both physical spaces and organizational cultures.