Use the following table to answer the question : Table 14-2 : represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.

-Given the information in Table 14-2,which firm has a dominant strategy?
A)Firm A
B)Firm B
C)Both Firm A and Firm B
D)Neither Firm A nor Firm B

Question

Use the following table to answer the question : Table 14-2 : represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.

-Given the information in Table 14-2,which firm has a dominant strategy?

-Given the information in Table 14-2,which firm has a dominant strategy?
A)Firm A 
B)Firm B 
C)Both Firm A and Firm B 
D)Neither Firm A nor Firm B

Quizplus · Accepted Answer

The Answer of Use the following table to answer the question : Table 14-2 : represents the payoff matrix of firms A and B,when they choose to produce low or high output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.

-Given the information in Table 14-2,which firm has a dominant strategy?
A)Firm A 
B)Firm B 
C)Both Firm A and Firm B 
D)Neither Firm A nor Firm B

Use the Following Table to Answer the Question : Table