This figure displays the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop.MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices,in the hopes that a new business will not be able to make a profit at such low prices.The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.
According to the figure,The Rock Shop:
A) should enter the market, regardless of what MiiTunes chooses to do.
B) should not enter the market, regardless of what MiiTunes chooses to do.
C) does not have a dominant strategy.
D) has more than one dominant strategy.

Question

This figure displays the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop.MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices,in the hopes that a new business will not be able to make a profit at such low prices.The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.
According to the figure,The Rock Shop:
A) should enter the market, regardless of what MiiTunes chooses to do. 
B) should not enter the market, regardless of what MiiTunes chooses to do. 
C) does not have a dominant strategy. 
D) has more than one dominant strategy.

Quizplus · Accepted Answer

The Answer of  This figure displays the choices and payoffs (company profits)of two music shops-MiiTunes and The Rock Shop.MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices,in the hopes that a new business will not be able to make a profit at such low prices.The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.
According to the figure,The Rock Shop:
A) should enter the market, regardless of what MiiTunes chooses to do. 
B) should not enter the market, regardless of what MiiTunes chooses to do. 
C) does not have a dominant strategy. 
D) has more than one dominant strategy.

This Figure Displays the Choices and Payoffs (Company Profits)of Two