The following table shows the payoff matrix of the two firms (Firm X and Firm Y) , in dollars, when they advertise and when they do not advertise.Table 12.1

-According to the payoffs in Table 12.1:
A) firm X will not advertise, no matter what, if Firm Y does not advertise.
B) firm X will advertise only if Firm Y does not advertise.
C) firm X does not have a dominant strategy, but Firm Y does.
D) firm Y does not have a dominant strategy, but Firm X does.
E) both firms will be better off if neither of them advertised.
Correct Answer:
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Q43: The following table shows the payoff matrix
Q44: The figure given below shows the revenue
Q45: The figure given below shows the revenue
Q46: The figure given below shows the revenue
Q47: The following table shows the payoff matrix
Q49: The figure given below shows the revenue
Q50: The figure given below shows the revenue
Q51: The figure given below shows the revenue
Q52: The figure given below shows the revenue
Q53: The figure given below shows the revenue
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