What are the dominant strategies for Firm A and Firm B respectively?
A. (low price, high price).
B. (high price, low price).
C. (high price, high price).
D. neither firm has a dominant strategy.
Answer:D
What are the dominant strategies for Firm A and Firm B respectively?
A. (low price, high price). B. (high price, low price). C. (high price, high price). D. neither firm has a dominant strategy.