-The above figure shows a payoff matrix for two firms,A and B,that must choose between a high-price strategy and a low-price strategy.For firm B,
A) setting a high price is the dominant strategy.
B) setting a low price is the dominant strategy.
C) there is no dominant strategy.
D) doing the opposite of firm A is always the best strategy.

Question

-The above figure shows a payoff matrix for two firms,A and B,that must choose between a high-price strategy and a low-price strategy.For firm B,
A) setting a high price is the dominant strategy. 
B) setting a low price is the dominant strategy. 
C) there is no dominant strategy. 
D) doing the opposite of firm A is always the best strategy.

Quizplus · Accepted Answer

The Answer is B

-The Above Figure Shows a Payoff Matrix for Two Firms,A