Use the Following to Answer Questions

question 162

Multiple Choice

Use the following to answer questions :
Figure: Payoff Matrix for Gehrig and Gabriel
-(Figure: Payoff Matrix for Gehrig and Gabriel) Use Figure: Payoff Matrix for Gehrig and Gabriel.The figure describes two people who sell handmade Carey Price figurines in Montreal.Both Gehrig and Gabriel have two strategies available to them: to produce 5 000 figurines each month or to produce 7 000 figurines each month.For both Gehrig and Gabriel,the dominant strategy is to:

• A) produce 5 000 figurines.
• B) produce 7 000 figurines.
• C) produce between 5 000 and 7 000 figurines.
• D) collude and increase production to more than 14 000 figurines.

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A public research university located in State College, Pennsylvania, known for its strong academic programs and research initiatives.