Use the Following to Answer Questions

question 228

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) Use Scenario: Payoff Matrix for Firms X and Y.If firm Y 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 X to dominate the industry.