Figure: Payoff Matrix I for Blue Spring and Purple Rain (Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water.Each has two strategies available to it: a high price and a low price.The dominant strategy for Purple Rain is to:
A)always charge a low price.
B)always charge a high price.
C)always adopt the same strategy as Blue Spring.
D)Purple Rain does not have a dominant strategy.

Question

Figure: Payoff Matrix I for Blue Spring and Purple Rain   (Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water.Each has two strategies available to it: a high price and a low price.The dominant strategy for Purple Rain is to:
A)always charge a low price. 
B)always charge a high price. 
C)always adopt the same strategy as Blue Spring. 
D)Purple Rain does not have a dominant strategy.

Quizplus · Accepted Answer

The Answer of Figure: Payoff Matrix I for Blue Spring and Purple Rain   (Figure: Payoff Matrix I for Blue Spring and Purple Rain) The figure Payoff Matrix I for Blue Spring and Purple Rain refers to two producers of bottled water.Each has two strategies available to it: a high price and a low price.The dominant strategy for Purple Rain is to:
A)always charge a low price. 
B)always charge a high price. 
C)always adopt the same strategy as Blue Spring. 
D)Purple Rain does not have a dominant strategy.