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.
If the two music stores are faced with the game in the figure,we can see that:
A) The Rock Shop has a dominant strategy, but MiiTunes does not.
B) MiiTunes has a dominant strategy, but The Rock Shop does not.
C) neither store has a dominant strategy.
D) both stores have a 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.
If the two music stores are faced with the game in the figure,we can see that:
A) The Rock Shop has a dominant strategy, but MiiTunes does not. 
B) MiiTunes has a dominant strategy, but The Rock Shop does not. 
C) neither store has a dominant strategy. 
D) both stores have a 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.
If the two music stores are faced with the game in the figure,we can see that:
A) The Rock Shop has a dominant strategy, but MiiTunes does not. 
B) MiiTunes has a dominant strategy, but The Rock Shop does not. 
C) neither store has a dominant strategy. 
D) both stores have a dominant strategy.

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