​Use the Following Case from Question

question 10

Multiple Choice

​Use the following case from question
Two ice cream trucks A&B are playing a simultaneous pricing game.If one of them prices low,he gets all the customers,a payoff of 12,while other gets zero.If both price high they each get a payoff of 6 and if both price low,they get a payoff of 5.
-​What is the best response of Vendor B to Vendor A pricing high?

• A)​Also price high
• B)Price low
• C)Leave the market
• D)​All of the above

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Definitions:

Measure

A quantitative or qualitative assessment tool used for determining the size, amount, or degree of an object or phenomenon.

Deming's Fourteen Principles

A set of management practices introduced by W. Edwards Deming to promote quality, productivity, and competitive position.

Continuing Inspection

A process of ongoing scrutiny in projects or production to ensure standards are maintained throughout the lifecycle.

Mass Basis

The foundation or support derived from a large segment of the population or sector.