The Following Table Shows the Payoff Matrix of the Two

question 73

Multiple Choice

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) in dollars when they advertise and when they do not advertise. Table 11.1 Refer to Table 11.1.If firm Y follows its dominant strategy and firm X does not then:

• A)firm X earns $150 and firm Y earns $200.
• B)firm X earns $50 and firm Y earns $200.
• C)firm X earns $150 and firm Y earns $180.
• D)firm X earns $50 and firm Y earns $100.
• E)firm X earns $150 and firm Y earns $100.

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Definitions:

Fprintf()

A function in C programming that writes formatted output to a stream, typically a file.

Stdout

Stdout, or standard output, is the default output stream where a program writes its output data.

Print Statement

A command used in programming to display or output information to the user or console.

Fputc()

A standard library function in C used to write a character to a file.