Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy Refer to the above payoff matrix.Assume that firm Y adopts a low-price strategy while firm X maintains a high-price strategy.Compared to the results from a high-price strategy for both firms,firm Y will now:
A) gain $100,000 in profit and firm X will lose $150,000 in profit.
B) gain $150,000 in profit and firm X will lose $100,000 in profit.
C) gain $525,000 in profit and firm X will lose $275,000 in profit.
D) lose $150,000 in profit and firm X will gain $150,000 in profit.

Question

Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy  Refer to the above payoff matrix.Assume that firm Y adopts a low-price strategy while firm X maintains a high-price strategy.Compared to the results from a high-price strategy for both firms,firm Y will now:
A) gain $100,000 in profit and firm X will lose $150,000 in profit. 
B) gain $150,000 in profit and firm X will lose $100,000 in profit. 
C) gain $525,000 in profit and firm X will lose $275,000 in profit. 
D) lose $150,000 in profit and firm X will gain $150,000 in profit.

Quizplus · Accepted Answer

The Answer of Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy  Refer to the above payoff matrix.Assume that firm Y adopts a low-price strategy while firm X maintains a high-price strategy.Compared to the results from a high-price strategy for both firms,firm Y will now:
A) gain $100,000 in profit and firm X will lose $150,000 in profit. 
B) gain $150,000 in profit and firm X will lose $100,000 in profit. 
C) gain $525,000 in profit and firm X will lose $275,000 in profit. 
D) lose $150,000 in profit and firm X will gain $150,000 in profit.

Answer the Next Question Based on the Following Payoff Matrix