Use the Following Table to Answer the Question : Table

question 49

Multiple Choice

Use the following table to answer the question : Table 15-2: 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.

-Refer to Table 15-2.Which of the following is true?

• A)Company B's dominant strategy is to set a high price.
• B)Company B's dominant strategy is to set a medium price.
• C)Company B's dominant strategy is to set a low price.
• D)Company B does not have a dominant strategy.

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