Business, 06.05.2020 05:45, lizdominguez101

Refer to the payoff matrix at right for the profits (in $ millions) of two firms (A and B) and two pricing strategies (high and low). Which of the following is the outcome of the dominant strategy without cooperation? A. Firm A chooses the high price while firm B chooses the low price. B. Both firm A and firm B choose the low price. C. Both firm A and firm B choose the high price. D. Firm A chooses the low price while firm B chooses the high price.

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Refer to the payoff matrix at right for the profits (in $ millions) of two firms (A and B) and two p...