Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy Refer to the above payoff matrix.If both firms operate independently and do not collude,the most likely profit is:
A) $400,000 for firm X and $400,000 for firm Y.
B) $725,000 for firm X and $475,000 for firm Y.
C) $475,000 for firm X and $725,000 for firm Y.
D) $625,000 for firm X and $625,000 for firm Y.

Question

Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy  Refer to the above payoff matrix.If both firms operate independently and do not collude,the most likely profit is:
A) $400,000 for firm X and $400,000 for firm Y. 
B) $725,000 for firm X and $475,000 for firm Y. 
C) $475,000 for firm X and $725,000 for firm Y. 
D) $625,000 for firm X and $625,000 for firm Y.

Quizplus · Accepted Answer

The Answer of Answer the next question based on the following payoff matrix for a duopoly.The numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy  Refer to the above payoff matrix.If both firms operate independently and do not collude,the most likely profit is:
A) $400,000 for firm X and $400,000 for firm Y. 
B) $725,000 for firm X and $475,000 for firm Y. 
C) $475,000 for firm X and $725,000 for firm Y. 
D) $625,000 for firm X and $625,000 for firm Y.

Answer the Next Question Based on the Following Payoff Matrix