The Following Payoff Matrix Shows the Profits Accruing to Two

question 22

Multiple Choice

The following payoff matrix shows the profits accruing to two firms,Company C and Company D,under different pricing strategies.In each cell,the figure on the left indicates Company C's payoff and the figure on the right indicates Company D's payoff.
Table 15-1
-Refer to Table 15-1.If X = 145 and Y = 62,it is evident that _____.

• A)both firms have a dominant strategy.
• B)neither firm has a dominant strategy.
• C)only company C has a dominant strategy.
• D)only company D has a dominant strategy.

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