(Scenario: Payoff Matrix for Steve's Skateboards and Savannah's Highflyers) Payoff Matrix for Firms X and Y. If Steve were to choose his BEST response, he would:

A)choose a low price.
B)choose a high price.
C)encounter a dilemma since there are two dominant strategies.
D)allow Savannah to dominate the industry.

Question

(Scenario: Payoff Matrix for Steve's Skateboards and Savannah's Highflyers) Payoff Matrix for Firms X and Y. If Steve were to choose his BEST response, he would:
​
​
 
A)choose a low price. 
B)choose a high price. 
C)encounter a dilemma since there are two dominant strategies. 
D)allow Savannah to dominate the industry.

Quizplus · Accepted Answer

The Answer of (Scenario: Payoff Matrix for Steve's Skateboards and Savannah's Highflyers) Payoff Matrix for Firms X and Y. If Steve were to choose his BEST response, he would:
​
​
 
A)choose a low price. 
B)choose a high price. 
C)encounter a dilemma since there are two dominant strategies. 
D)allow Savannah to dominate the industry.