-Figure 12

question 46

Multiple Choice

-Figure 12.2 shows the decision tree for setting price for the only two firms in a market.How many dominant strategies are there for firm A?

• A) 0
• B) 1
• C) 2
• D) It cannot be determined without knowing what firm B does.

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Definitions:

Variable Pay

A portion of compensation determined by an individual's performance or the company's performance.

Pay

Monetary compensation given to employees for their labor or services, often determined by factors such as skill level, industry standards, and organizational policies.

Motivator

An internal or external factor that stimulates individuals to act in a certain way or to pursue particular goals.

Wage Incentive Plans

Various systems that link pay to performance on production jobs.