Business, 21.07.2020 19:01, mtzann1568
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm:
Firm A
High Price Low Price
A = $250 A = $325 ,
B $250 B: $200
A $200 A $175
B $325 B $175
Refer to the payoff matrix above. If Firm A adopts the low-price strategy, then Firm B would adopt the:
A. High-price strategy and earn $250
B. High-price strategy and earn $200
C. Low-price strategy and earn $325
D. Low-price strategy and earn $175
Answers: 3
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