The payoff matrix below shows the payoffs for Firm A and Firm B,each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A,payoff for B). $\begin{array}{c}
&\text { Firm B }\
\text { Firm A }&
\begin{array}{l|cr}
& \text { Coop erate } & \text { Cheat } \
\hline \text { Cooperate } & (30,30) & (10, x) \
\text { Cheat } & (x, 10) & (20,20)
\end{array}\end{array}$
-An oligopolistic firm often detects a change in the demand for its product by first observing a change in

Question

The payoff matrix below shows the payoffs for Firm A and Firm B,each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A,payoff for B). $\begin{array}{c}
&\text { Firm B }\
\text { Firm A }&
\begin{array}{l|cr} 
& \text { Coop erate } & \text { Cheat } \
\hline \text { Cooperate } & (30,30) & (10, x) \
\text { Cheat } & (x, 10) & (20,20)
\end{array}\end{array}$
-An oligopolistic firm often detects a change in the demand for its product by first observing a change in

Quizplus · Accepted Answer

The Answer of The payoff matrix below shows the payoffs for Firm A and Firm B,each of whom can either "cooperate" or "cheat." The numbers in parentheses are (payoff for A,payoff for B). $\begin{array}{c}
&\text { Firm B }\
\text { Firm A }&
\begin{array}{l|cr} 
& \text { Coop erate } & \text { Cheat } \
\hline \text { Cooperate } & (30,30) & (10, x) \
\text { Cheat } & (x, 10) & (20,20)
\end{array}\end{array}$
-An oligopolistic firm often detects a change in the demand for its product by first observing a change in

The Payoff Matrix Below Shows the Payoffs for Firm a and Firm