The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2
-In Table 15-2,company A's strategy of choosing a _____ price is dominated by a strategy of _____ price.
A)low;medium
B)medium;high
C)high;low
D)high;medium

Question

The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2 
-In Table 15-2,company A's strategy of choosing a _____ price is dominated by a strategy of _____ price.
A)low;medium 
B)medium;high 
C)high;low 
D)high;medium

Quizplus · Accepted Answer

The Answer of The following payoff matrix shows the profits accruing to two firms,Company A and Company B,under different pricing strategies.In each cell,the figure on the left indicates Company A's payoff and the figure on the right indicates Company B's payoff.
Table 15-2 
-In Table 15-2,company A's strategy of choosing a _____ price is dominated by a strategy of _____ price.
A)low;medium 
B)medium;high 
C)high;low 
D)high;medium

The Following Payoff Matrix Shows the Profits Accruing to Two