Consider the following simultaneous move game:
The matrix above represents the decisions and payoffs to Firm A and Firm B. If Firm A chooses low price, what is the best response of Firm B?
A) High price
B) Low price
C) Both equal
D) None

Question

Consider the following simultaneous move game:
 The matrix above represents the decisions and payoffs to Firm A and Firm B. If Firm A chooses low price, what is the best response of Firm B?
A) High price 
B) Low price 
C) Both equal 
D) None

Quizplus · Accepted Answer

The Answer of Consider the following simultaneous move game:
 The matrix above represents the decisions and payoffs to Firm A and Firm B. If Firm A chooses low price, what is the best response of Firm B?
A) High price 
B) Low price 
C) Both equal 
D) None

Consider the Following Simultaneous Move Game