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:

Holistic Critical Thinking

An approach to critical thinking that emphasizes understanding the whole context or system rather than focusing only on its parts.

Open Pit Coal Mining

The practice of extracting coal from the earth by removing surface layers to create an open pit or borrow, rather than tunneling underground.

Holistic Critical Thinking

An approach to critical thinking that considers the whole picture, including context, perspectives, and possible impacts.