-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:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year.

Return On Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively a company uses invested funds to generate profit.