(Figure: Payoff Matrix for Ozarka and Deer Park) Use Figure: Payoff Matrix for Ozarka and Deer Park. The figure shows the potential profits of two producers of bottled water. Each has two strategies available to it: a high price and a low price. The BEST response for Ozarka is to:

A)charge a low price.
B)charge a high price.
C)adopt the same strategy as Ozarka.
D)Ozarka does not have a best response.

Question

(Figure: Payoff Matrix for Ozarka and Deer Park) Use Figure: Payoff Matrix for Ozarka and Deer Park. The figure shows the potential profits of two producers of bottled water. Each has two strategies available to it: a high price and a low price. The BEST response for Ozarka is to:
​
 
A)charge a low price. 
B)charge a high price. 
C)adopt the same strategy as Ozarka. 
D)Ozarka does not have a best response.

Quizplus · Accepted Answer

The Answer of (Figure: Payoff Matrix for Ozarka and Deer Park) Use Figure: Payoff Matrix for Ozarka and Deer Park. The figure shows the potential profits of two producers of bottled water. Each has two strategies available to it: a high price and a low price. The BEST response for Ozarka is to:
​
 
A)charge a low price. 
B)charge a high price. 
C)adopt the same strategy as Ozarka. 
D)Ozarka does not have a best response.