-The Above Figure Shows the Payoff to Two Firms,A and B,of

question 55

Multiple Choice

-The above figure shows the payoff to two firms,A and B,of releasing two versions of a new product.What is Firm A's best response if Firm B decides to release the high price version?

• A) Firm A does not have a best response strategy.
• B) Firm A chooses the low price version.
• C) Firm A chooses the high price version.
• D) Both low price and high price versions are best responses for firm A.

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