Table 17-20.Brian and Matt own the only two bicycle repair shops in town.Each must choose between a low price for repair work and a high price.The annual economic profit from each strategy is indicated in the table.The profits are shown as (Matt,Brian) in each cell.

-Refer to Table 17-20.Which of the following statements is correct?
A) Matt's dominant strategy is to charge a low price.
B) Brian's dominant strategy is to charge a high price.
C) The dominant strategy for both Brian and Matt is to charge a low price.
D) Matt's dominant strategy is to charge a high price.
Correct Answer:
Verified
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