Use the Following Table to Answer the Question : Table

question 63

Multiple Choice

Use the following table to answer the question : Table 15-3: Abbott and Costello are two firms that compete with each other in the market for ice-cream.They can price their product at a high,medium,or low price.The following matrix shows their profits from their respective pricing strategies.

-Refer to Table 15-3.What is the highest payoff from Abbott's dominated strategy?

• A)$100
• B)$115
• C)$107
• D)$60