The Table Given Below Represents the Payoff Matrix of Firms

question 76

Multiple Choice

The table given below represents the payoff matrix of firms A and B,when they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.
-If X = 15 and Y = 10,then the information in Table 14-3 implies that:

• A)the dominant strategy for Firm A would be to produce low output.
• B)the dominant strategy for Firm B would be to produce high output.
• C)the dominant strategy for both Firm A and Firm B would be to produce high output.
• D)neither Firm A nor Firm B has any dominant strategy.

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