-The Above Figure Shows a Payoff Matrix for Two Firms,A

question 17

Multiple Choice

-The above figure shows a payoff matrix for two firms,A and B,that must choose between a high-price strategy and a low-price strategy.For firm A,

• A)setting a low price is the dominant strategy.
• B)setting a high price is the dominant strategy.
• C)setting a high price when firm B sets a high price,and setting a low price when firm B sets a low price is the dominant strategy.
• D)setting a high price when firm B sets a low price,and setting a low price when firm B sets a high price is the dominant strategy.

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