Answer the Question Based on the Payoff Matrices for a Repeated

question 157

Multiple Choice

Answer the question based on the payoff matrices for a repeated game involving two firms that are considering introducing new products to the market. The numbers indicate the profit from following either a strategy to introduce a new product or a strategy to not introduce a new product.First game. Second game. In the second game,

• A)introducing a new product is the dominant strategy for both firms.
• B)not introducing a new product is the dominant strategy for both firms.
• C)introducing a new product is the dominant strategy for firm A, while not introducing a new product is the dominant strategy for firm B.
• D)not introducing a new product is the dominant strategy for firm A, while introducing a new product is the dominant strategy for firm B.

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