Two men's clothing stores that compete for most of the market in a small town in Ohio must choose their advertising levels simultaneously. The following payoff table facing the two firms, Arbuckle & Son and Mr. B's, shows the weekly profit outcomes for the various advertising decision combinations. Use this payoff table to answer Questions .
-Arbuckle and Son
A) has a dominant strategy: choose a high level of advertising.
B) has a dominant strategy: choose a low level of advertising.
C) has a dominated strategy: choose a high level of advertising.
D) has a dominated strategy: choose a low level of advertising.
E) both b and c.
Correct Answer:
Verified
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