Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coffee shop in a small town or not opening the coffee shop. If both firms choose their strategies simultaneously, then
A) firm A's dominant strategy is to open a coffee shop.
B) there is no Nash equilibrium for this game.
C) firm B's dominant strategy is to not open a coffee shop.
D) both firms have a dominant strategy to not open a coffee shop.
Correct Answer:
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Q319: A two-player or firm game in which
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