Refer to the following normal form game of price competition question

-Suppose that Firm A cheats,and B does not. What is A's payoff from cheating?
A)0
B)50
C)-10
D)25

Name: Refer to the following normal form game of price competition question -Suppose that Firm A cheats,and B does not. What is A's payoff from cheating? A)0 B)50 C)-10 D)25
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Question

​Refer to the following normal form game of price competition question
 
-​Suppose that Firm A cheats,and B does not. What is A's payoff from cheating?
A)​0 
B)50 
C)-10 
D)​25

Quizplus · Accepted Answer

If A cheats and B does not, A's price will be lower than B's price, resulting in customers flocking to A's store, resulting in a 50 payoff for A.

​Refer to the Following Normal Form Game of Price Competition

Refer to the Following Normal Form Game of Price Competition