Which of the following represents Firm A's full strategy space?
A){A, C}.
B){A, B}.
C){(A, C), (A, D), (B, C), (B, D)}.
D){C, D}.

Name: Which of the following represents Firm A's full strategy space? A){A, C}. B){A, B}. C){(A, C), (A, D), (B, C), (B, D)}. D){C, D}.
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Question

Quizplus · Accepted Answer

Firm A's best choice is B because it has the highest payoff of 10, whereas choice A only gives a payoff of 8. Choice C and D are dominated strategies, as there is always another strategy that gives a higher payoff.

Which of the Following Represents Firm A's Full Strategy Space