Refer to the normal-form game of price competition in the payoff matrix below. Suppose that firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating?
A) 70
B) 50
C) 30
D) 20

Question

Refer to the normal-form game of price competition in the payoff matrix below.  Suppose that firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating?
A) 70 
B) 50 
C) 30 
D) 20

Quizplus · Accepted Answer

The Answer of Refer to the normal-form game of price competition in the payoff matrix below.  Suppose that firm A deviates from a trigger strategy to support a high price. What is the present value of A's payoff from cheating?
A) 70 
B) 50 
C) 30 
D) 20

Refer to the Normal-Form Game of Price Competition in the Payoff