The Table Below Shows the Payoff (Profit)matrix of Firm a and Firm

question 73

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 25.2 Refer to Table 25.2.If firm B follows its dominant strategy but firm A does not, firm B will earn a profit of:

• A)$45.
• B)$40.
• C)$20.
• D)$60.
• E)$50

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Definitions:

Memory Location

A specific address in computer memory where data is stored and can be accessed by the CPU.

Feedback Loop

A system structure where the output or the process is fed back in a circuitous route to the input to control, adjust, or stabilize operations, commonly seen in both engineering and biological systems.

Employed

pertains to being hired and working under a contract for a company or an individual, contributing labor in exchange for compensation.