Use the Following Table to Answer the Question : Table

question 4

Multiple Choice

Use the following table to answer the question : Table 14-3 : 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.

-Given the information in Table 14-3,if X = 10 and Y = 15,which firm has a dominant strategy?

• A)Firm A
• B)Firm B
• C)Both Firm A and Firm B
• D)Neither Firm A nor Firm B

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Definitions:

Dissenting Shareholders

Shareholders who do not agree with a corporate action and are allowed certain rights, such as selling their shares back to the company under specific conditions.

Damage Award

A monetary compensation ordered by a court to be paid to a person as reimbursement for harm or injury suffered.

Short-Form Merger

A process where a parent company merges with a subsidiary company without needing the approval of the subsidiary's shareholders.

Appraisal Rights

The rights of a corporation's minority shareholders to have a judicial assessment of the fairness of a proposed transaction, typically a merger or acquisition.