Figure: Payoff Matrix II for Blue Spring and Purple Rain
(Figure: Payoff Matrix II for Blue Spring and Purple Rain) Payoff Matrix II 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.
Correct Answer:
Verified
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