-The above figure shows the payoff matrix for two firms,A and B,choosing to produce a basic computer or an advanced computer.The dominant strategy for firm A is
A)producing an advanced computer.
B)producing a basic computer.
C)copying firm B's action.
D)Firm A does not have a dominant strategy.

Question

-The above figure shows the payoff matrix for two firms,A and B,choosing to produce a basic computer or an advanced computer.The dominant strategy for firm A is
A)producing an advanced computer. 
B)producing a basic computer. 
C)copying firm B's action. 
D)Firm A does not have a dominant strategy.

Quizplus · Accepted Answer

A dominant strategy is one that results in the highest payoff for a player, regardless of what the other player does. Without seeing the actual payoff matrix, we cannot determine the dominant strategy for Firm A. Therefore, without specific payoff values, we cannot conclude that Firm A has a dominant strategy.

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