What Are the Dominant Strategies for Firm a and Firm

question 7

Multiple Choice

What are the dominant strategies for Firm A and Firm B respectively?

• A)(low price, high price).
• B)(high price, low price).
• C)(high price, high price).
• D)neither firm has a dominant strategy.

---

Definitions:

Rewarding Stimulus

An object, event, or condition that is desired by an individual or organism, often resulting in positive reinforcement of a behavior.

Strengthened

Made stronger or reinforced in power, value, or intensity.

Positive Reinforcers

Stimuli that, when presented after a behavior, increase the likelihood of that behavior being repeated in the future.

Dog Treats

Edible rewards used for training, rewarding, or spoiling dogs, often made to support canine health, dental hygiene, or dietary needs.