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

question 35

Multiple Choice

-The above figure shows the payoff to two airlines,A and B,of serving a particular route.If the two airlines must decide simultaneously,which one of the following statements is true?

• A) Firm A does not have a dominant strategy.
• B) Firm B does not have a dominant strategy.
• C) Neither firm entering is a Nash equilibrium.
• D) The outcome of the game is unpredictable.

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Definitions:

Restore Button

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Title Bar

The section at the top of a window displaying the name of the program and, often, the document name or other information.

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The pre-set style and size of text adopted by a software application or document unless changed by the user.

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