Use the Following Table to Answer the Question : Table

question 21

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 = 15 and Y = 10,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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