The Figure Below Presents Information for a One-Shot Game What Are Secure Strategies for Firm a and Firm B

question 2

Multiple Choice

The figure below presents information for a one-shot game. $\begin{array}{l}\quad\quad\quad\quad\quad\text { Firm B }\\\text { Firm A}\begin{array}{|l|l|l|}\hline & \text { Low Price } & \text { High Price } \\\hline \text { Low Price } & (2,2) & (10,-8) \\\hline \text { HighPrice } & (-8,10) & (6,6) \\\hline\end{array}\end{array}$ What are secure strategies for firm A and firm B respectively?

• A) (low price, high price)
• B) (high price, low price)
• C) (high price, high price)
• D) (low price, low price)

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Definitions:

Primaries

Preliminary elections in which members of a political party vote to choose their party's candidate for a major upcoming election.

Term Limits

Restrictions on the number of terms an officeholder may serve in a particular elected position.

Keating Owen

A 1916 United States federal law that sought to address child labor by prohibiting the sale of goods produced by factories that employed children under certain ages, later ruled unconstitutional.

Unconstitutional Expansion

The action or policy of expanding authority or territorial holdings in a manner that violates the constitutional law or principles of the governing body.