Use the following to answer question:
Figure: Payoff Matrix I for Blue Spring and Purple Rain
-(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
A) charge a low price.
B) charge a high price.
C) adopt the same strategy as Blue Spring.
D) Purple Rain does not have a dominant strategy.

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Use the following to answer question:
Figure: Payoff Matrix I for Blue Spring and Purple Rain 
-(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
A) charge a low price. 
B) charge a high price. 
C) adopt the same strategy as Blue Spring. 
D) Purple Rain does not have a dominant strategy.

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The Answer of Use the following to answer question:
Figure: Payoff Matrix I for Blue Spring and Purple Rain 
-(Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water. Each has two strategies available to it: a high price and a low price. The dominant strategy for Purple Rain is to:
A) charge a low price. 
B) charge a high price. 
C) adopt the same strategy as Blue Spring. 
D) Purple Rain does not have a dominant strategy.

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