Table 16-4 Consider the Following Duopoly Game

question 104

Multiple Choice

Table 16-4
Consider the following Duopoly game.

-Refer to Table 16-4. If both firms follow a dominant strategy, firm B's profits (losses) will be:

• A) -$10
• B) -$12
• C) $20
• D) $24

---

Definitions:

Qualifications

The credentials, skills, or attributes required for an individual to be considered suitable for a specific job or task.

Administrative Skills

The capabilities related to managing tasks, organizing work, and ensuring efficient operation within an office or organization.

Environmental Scanning

The process of systematically examining the external environment to identify opportunities and threats.

Firm Strategy

The plan of action developed by a business to achieve its goals and to compete effectively in its market.