Use Figure: Payoff Matrix Alpha and Beta Motors I. The figure shows the payoff matrix where the hypothetical daily profits of Alpha Motor and Beta Motor (in millions of dollars) depend on each other's decision about whether to hold onto its inventories or release them at a discount at the end of the year. Based on the payoffs, Alpha Motor's dominant strategy is to_____ its inventory, and Beta Motor's dominant strategy is to _____ its inventory.

Figure: Payoff Matrix Alpha and Beta Motors I

Question

Use Figure: Payoff Matrix Alpha and Beta Motors I. The figure shows the payoff matrix where the hypothetical daily profits of Alpha Motor and Beta Motor (in millions of dollars) depend on each other's decision about whether to hold onto its inventories or release them at a discount at the end of the year. Based on the payoffs, Alpha Motor's dominant strategy is to_____ its inventory, and Beta Motor's dominant strategy is to _____ its inventory.
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Figure: Payoff Matrix Alpha and Beta Motors I

Quizplus · Accepted Answer

The Answer of Use Figure: Payoff Matrix Alpha and Beta Motors I. The figure shows the payoff matrix where the hypothetical daily profits of Alpha Motor and Beta Motor (in millions of dollars) depend on each other's decision about whether to hold onto its inventories or release them at a discount at the end of the year. Based on the payoffs, Alpha Motor's dominant strategy is to_____ its inventory, and Beta Motor's dominant strategy is to _____ its inventory.
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Figure: Payoff Matrix Alpha and Beta Motors I