Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.

-Refer to the scenario above.In this game,the dominant strategy equilibrium occurs if ________.
A) Firm A chooses Strategy Y and Firm B chooses Strategy X
B) Firm B chooses Strategy Y and Firm B chooses Strategy X
C) both Firm A and Firm B choose Strategy X
D) both Firm A and Firm B choose Strategy Y

Question

Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.In this game,the dominant strategy equilibrium occurs if ________.
A) Firm A chooses Strategy Y and Firm B chooses Strategy X 
B) Firm B chooses Strategy Y and Firm B chooses Strategy X 
C) both Firm A and Firm B choose Strategy X 
D) both Firm A and Firm B choose Strategy Y

Quizplus · Accepted Answer

The Answer of Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of U.S. dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player, and the second number listed is the payoff to the column player.
 
-Refer to the scenario above.In this game,the dominant strategy equilibrium occurs if ________.
A) Firm A chooses Strategy Y and Firm B chooses Strategy X 
B) Firm B chooses Strategy Y and Firm B chooses Strategy X 
C) both Firm A and Firm B choose Strategy X 
D) both Firm A and Firm B choose Strategy Y

Scenario: the Payoff Matrix Given Below Shows the Payoffs to Two