The Following Table Shows the Payoff Matrix of the Two

question 110

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 the Table 12.1, if the firms collude and decide not to advertise, then their combined payoff is:

• A)$250.
• B)$260.
• C)$330.
• D)$300.
• E)$280