Refer to the following game. Which of the following is true?
A) A dominant strategy for firm A is "high price."
B) There does not exist a dominant strategy for firm A.
C) A dominant strategy for firm B is "low price."
D) None of the answers is correct.

Question

Refer to the following game.  Which of the following is true?
A) A dominant strategy for firm A is "high price." 
B) There does not exist a dominant strategy for firm A. 
C) A dominant strategy for firm B is "low price." 
D) None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Refer to the following game.  Which of the following is true?
A) A dominant strategy for firm A is "high price." 
B) There does not exist a dominant strategy for firm A. 
C) A dominant strategy for firm B is "low price." 
D) None of the answers is correct.

Refer to the Following Game