The table given below represents the payoff matrix of firms A and B,when they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs.
-Given the information in Table 14-3,if X = 10 and Y = 15,which firm has a dominant strategy?
A)Firm A
B)Firm B
C)Both Firm A and Firm B
D)Neither Firm A nor Firm B

Question

The table given below represents the payoff matrix of firms A and B,when they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs. 
-Given the information in Table 14-3,if X = 10 and Y = 15,which firm has a dominant strategy?
A)Firm A 
B)Firm B 
C)Both Firm A and Firm B 
D)Neither Firm A nor Firm B

Quizplus · Accepted Answer

The Answer of The table given below represents the payoff matrix of firms A and B,when they choose to produce either high output or low output.In each cell,the figure on the left indicates Firm B's payoffs and the figure on the right indicates Firm A's payoffs. 
-Given the information in Table 14-3,if X = 10 and Y = 15,which firm has a dominant strategy?
A)Firm A 
B)Firm B 
C)Both Firm A and Firm B 
D)Neither Firm A nor Firm B

The Table Given Below Represents the Payoff Matrix of Firms