Table 16-2
in the Following Duopoly Game, the Two Firms

question 125

Multiple Choice

Table 16-2
In the following duopoly game, the two firms can either set the price of their product high or low.The game is represented in the table below. $\begin{array}{|c|c|c|c|}\hline&&\text { Firm B }\\&&\text { High Price }&\text { Low Price }\\\hline \text { Firm A }&\text { High Price }&\text { Firm A gets \$1000 } & \text { Firm A get \$1250 } \\&& \text { Firm B gets \$1000 } & \text { Firm B gets \$1100 } \\\hline &\text { Low Price }&\text { Firm A gets \$800 } & \text { Firm A gets \$900 } \\&&\text { Firm B gets \$800 } & \text { Firm B gets \$900 } \\\hline\end{array}$
-Refer to Table 16-2.What is the profit firm A will earn if it plays its dominant strategy:

• A)$1000 if firm B has a high price and $1250 if firm B has a low price
• B)$1000 if firm B has a high price and $1100 if firm B has a low price
• C)$800 if firm B has a high price and $900 if firm B has a low price
• D)$1250 if firm B has a high price and $1100 if firm B has a low price

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Definitions:

Domestic Responsibilities

Tasks and duties related to managing a household, such as cooking, cleaning, child-rearing, and managing family finances, often shared among family members.

Career Demands

The requirements and expectations associated with one's professional life, which can influence work-life balance and stress levels.

Multitaskers

Individuals who have the ability to handle multiple tasks simultaneously, often switching focus from one task to another efficiently.

Ethical Leadership

The practice of leading by demonstrating and promoting ethical behavior, decision-making, and values.