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Scenario: Payoff Matrix for Two Firms
The following table provides the payoff matrix for two firms, firm A and firm B. They are the only two firms in the industry and can either compete or cooperate with each other, with the following profit results reflecting their actions. 
-(Scenario: Payoff Matrix for Two Firms) In the scenario Payoff Matrix for Two Firms, firm B:
A) has a dominant strategy to compete.
B) has a dominant strategy to cooperate.
C) has two dominant strategies.
D) has no dominant strategy.
Correct Answer:
Verified
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