Use the Following to Answer Questions

question 64

Multiple Choice

Use the following to answer questions :
Scenario: Payoff Matrix for Firms X and Y
The following payoff matrix depicts the profits for the only two firms in this oligopolistic industry.
-(Scenario: Payoff Matrix for Firms X and Y) Payoff Matrix for Firms X and Y.If firm X were to choose its dominant strategy,it would:

• A) choose a low price.
• B) choose a high price.
• C) encounter a dilemma since there are two dominant strategies.
• D) allow firm Y to dominate the industry.

---

Definitions:

Attractive

Possessing features, qualities or characteristics that appeal to aesthetic, physical, or emotional desires.

Society

A community of people living together in a more or less ordered community, sharing customs, laws, and organizations.

Bad Faith

Sartre’s characterization of a person’s refusal to accept himself or herself, particularly regarding the extent of his or her own freedom and limitations. This sometimes means not accepting the facts that are true about you. More often, it means accepting the facts about you as conclusive about your identity, as in the statement “Oh, I couldn’t do that, I’m too shy.”

Sartre

Jean-Paul Sartre, a French existentialist philosopher, playwright, novelist, political activist, and literary critic known for his work on existentialism and phenomenology.