Reference: Ref 15-6 (Table: Ozzie, Manny's Payoff Table) Refer to the table. Which of the following statements is true?
A) Manny and Ozzie do not have dominant strategies.
B) Manny's dominant strategy is low price, and Ozzie's dominant strategy is high price.
C) Manny's dominant strategy is high price, and Ozzie's dominant strategy is high price.
D) Manny's dominant strategy is low price, and Ozzie's dominant strategy is low price.

Question

Reference: Ref 15-6 (Table: Ozzie, Manny's Payoff Table) Refer to the table. Which of the following statements is true?
A) Manny and Ozzie do not have dominant strategies. 
B) Manny's dominant strategy is low price, and Ozzie's dominant strategy is high price. 
C) Manny's dominant strategy is high price, and Ozzie's dominant strategy is high price. 
D) Manny's dominant strategy is low price, and Ozzie's dominant strategy is low price.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 15-6 (Table: Ozzie, Manny's Payoff Table) Refer to the table. Which of the following statements is true?
A) Manny and Ozzie do not have dominant strategies. 
B) Manny's dominant strategy is low price, and Ozzie's dominant strategy is high price. 
C) Manny's dominant strategy is high price, and Ozzie's dominant strategy is high price. 
D) Manny's dominant strategy is low price, and Ozzie's dominant strategy is low price.

Reference: Ref 15-6 (Table: Ozzie, Manny's Payoff Table) Refer to the Table