(Table) HH Gregg and Best Buy Are Competing for Sales

question 28

Multiple Choice

(Table) HH Gregg and Best Buy are competing for sales for their newest high-capacity mobile device battery packs. Each firm has a pricing strategy of either a high price or a low price. Profits for each store are listed in the payoff boxes, with Best Buy's payoff listed first. Based on the table, does either store have a dominant strategy in this game?
$\begin{array}{c}\quad \quad \quad \quad \quad \quad \quad \quad \text { HH Gregg }\\\begin{array}{ccc} \text { Best Buy }\\&& \text { High } & \text { Low } \\&\text { High } & 100,100 & 30,120 \\&\text { Low } & 120,30 & 50,50\end{array}\end{array}$

• A) Best Buy has a dominant strategy, but HH Gregg does not.
• B) HH Gregg has a dominant strategy, but Best Buy does not.
• C) Both stores have a dominant strategy.
• D) Neither store has a dominant strategy.

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Definitions:

Schemata

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Active Imagination

A cognitive methodology in analytical psychology involving the engagement of the conscious mind with the contents of the unconscious to elicit creative thoughts and understanding.

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The phenomenon where a person recalls something that did not happen or recalls it differently from the way it actually happened.

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