Answer the Question Based on the Payoff Matrix for a Duopoly

question 85

Multiple Choice

Answer the question based on the payoff matrix for a duopoly, in which the numbers indicate the profit from following either an international strategy or a national strategy. If firm A chooses its dominant strategy and firm B chooses a strategy that is not dominant, then the payoffs will be

• A)$3M for both firms.
• B)$17M for both firms.
• C)$15 for firm A and $5 for firm B.
• D)$5 for firm A and $15 for firm B.

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Definitions:

Union Suppression

Involves actions or strategies employed by employers to prevent or diminish the power of labor unions within their organization.

Nonunion

Refers to workplaces or employees not affiliated with a labor union, often implying a lack of collective bargaining for rights and wages.

Intimidate Workers

The act of frightening or overawing employees, potentially to discourage them from taking certain actions or asserting their rights.

Personally Satisfying Jobs

Positions that provide individuals with fulfillment and happiness beyond financial compensation.