The Following Payoff Matrix Shows the Profits Accruing to Two

question 27

Multiple Choice

The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2
-In Table 15-2,company B's strategy of choosing a _____ price is iteratively dominated by a strategy of _____ price.

• A)low;high
• B)medium;high
• C)medium;low
• D)high;low

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