The Following Table Shows the Payoff Matrix of the Two

question 52

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-According to Table 12.1, if both the firms follow their dominant strategies,:

• A)firm X earns $100 and firm Y earns $150.
• B)firm X earns $50 and firm Y earns $200.
• C)firm X earns $180 and firm Y earns $150.
• D)firm X earns $180 and firm Y earns $100.
• E)firm X earns $150 and firm Y earns $180.

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