(Table) Referring to the Payoff Matrix for Natasha and Marla

question 276

Multiple Choice

(Table) Referring to the payoff matrix for Natasha and Marla (which shows Natasha's profits in plain text and Marla's profits in italic) , who has a dominant strategy?
$\begin{array}{c} \quad \quad \quad \quad \quad \quad \quad \text { Marla's Manicures } \\\begin{array}{|l|l|ll|ll|}\hline & & {\text { High Price }} & &{\text { Price }} \\\hline \text { Natasha's Nail Salon } & \text { High Price } & \$ 4,000 & \$ 4,500 & \$ 700 & \$ 3,500 \\\hline &\text { Low Price } & \$ 2,800 & \$ 500 & \$ 3,000 & \$ 3,700 \\\hline\end{array}\end{array}$

• A) both Natasha and Marla
• B) neither Natasha nor Marla
• C) Natasha, but not Marla
• D) Marla, but not Natasha

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Definitions:

Time Period

A specific duration for which financial or operational activities are measured, analyzed, and reported.

Lessee

An entity or individual that leases or rents property or equipment from another.

Operating Lease

A leasing agreement allowing a lessee to use an asset without owning it, typically with shorter terms than a capital lease.

Ownership

The legal right or interest in something, often involving assets like property, businesses, or investments.