The Table Below Shows the Payoff (Profit) Matrix of Firm

question 68

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-Refer to Table 12.2. If both firm A and firm B choose their dominant strategies then:

• A)firm A makes a profit of $40 and firm B makes a profit of $45.
• B)firm A makes a profit of $50 and firm B makes a profit of $45.
• C)firm A makes a profit of $50 and firm B makes a profit of $40.
• D)firm A makes a profit of $42 and firm B makes a profit of $40.
• E)firm A makes a profit of $40 and firm B makes a profit of $20.

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Definitions:

Beaver Wars

Conflicts in the 17th century involving the Iroquois fighting other Native American tribes and European settlers for control of the fur trade in Eastern North America.

Huron Captivities

Refers to the period during which members of the Huron tribe were captured or enslaved by other groups, often in the context of colonial or inter-tribal conflicts in North America.

Great Lakes Wars

Historical conflicts involving various Native American tribes, European settlers, and later the United States and Canada, centered around the control and use of the Great Lakes region.

Conflicts and Crises

Situations of discord arising from opposing interests, values, beliefs, or actions, leading to confrontations or significant disruptions requiring management or resolution.