(Table: Firms 1 and 2 III) Payoffs Represent Profits in Millions

question 61

Multiple Choice

(Table: Firms 1 and 2 III) Payoffs represent profits in millions of dollars. Firm 1's dominated strategy is ____.

• A) up
• B) down
• C) left
• D) right

---

Definitions:

Sound

In logic, an argument that is both valid and has all true premises.

Negative Proposition

A statement or assertion that denies something or states a position in opposition to a certain idea or claim.

Disjunctive Syllogism

An argument based on deductive reasoning that uses elimination to present just two options in its premises.

Sound

Vibrations that travel through the air or another medium and can be heard when they reach a person's or animal's ear.