Table 17-24 Two Firms Are Considering Going Out of Business and Selling

question 393

Multiple Choice

Table 17-24
Two firms are considering going out of business and selling their assets. Each considers what happens if the other goes out of business. The payoff matrix below shows the net gain or loss to each firm.
-Refer to Table 17-24. Which firm's dominant strategy is to sell?

• A)firm A's and firm B's
• B)firm A's but not firm B's
• C)firm B's but not firm A's
• D)neither firm A's nor firm B's

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