Use the Following Table to Answer the Question : Table

question 76

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.

-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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