Use the Following Table to Answer the Question : Table

question 47

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.

-In Table 15-2,company B's strategy of choosing a _____ price is iteratively dominated by a strategy of _____ price.

• A)low;high
• B)medium;high
• C)medium;low
• D)high;low

---

Definitions:

Meritorious Distinction

Recognition or award given for outstanding achievement or excellence.

Social Standing

The position or rank of a person or group within society, often influenced by factors like wealth, occupation, or family background.

Emotional Intelligence

The ability to perceive, control, and evaluate emotions in oneself and others, often linked to success in personal and professional relationships.

Genetic Endowment

The set of genes and genetic information that individuals inherit from their parents at conception.