The figure shown represents the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to compete with these prices. The Rock Shop is trying to decide whether or not it should enter the market.According to the figure, MiiTunes:
A)has a dominant strategy to charge low prices.
B)does not have a dominant strategy.
C)has a dominant strategy to charge high prices.
D)has more than one dominant strategy.

Question

The figure shown represents the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to compete with these prices. The Rock Shop is trying to decide whether or not it should enter the market.According to the figure, MiiTunes:
A)has a dominant strategy to charge low prices. 
B)does not have a dominant strategy. 
C)has a dominant strategy to charge high prices. 
D)has more than one dominant strategy.

Quizplus · Accepted Answer

The Answer of  The figure shown represents the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to compete with these prices. The Rock Shop is trying to decide whether or not it should enter the market.According to the figure, MiiTunes:
A)has a dominant strategy to charge low prices. 
B)does not have a dominant strategy. 
C)has a dominant strategy to charge high prices. 
D)has more than one dominant strategy.

The Figure Shown Represents the Choices and Payoffs (Company Profits)of