Business, 29.12.2020 20:30 trent45

Blue Firm Low Price High Price
Yellow Firm Low Price Y: 26 , B: 20 Y: 48 , B: 12
High Price Y: 24 , B 36 Y: 38 , B: 32
According to the payout matrix above, where a higher value is considered better,
A. Both firms have a dominant strategy to pick the High Price option
B. Only the Yellow firm has a dominant strategy to pick the High Price option
C. Only the Blue firm has a dominant strategy to pick the High Price option
D. Only the Yellow firm has a dominant strategy to pick the Low Price option
E. Only the Blue firm has a dominant strategy to pick the Low Price option
F. Both firms have a dominant strategy to pick the Low Price option

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Blue Firm Low Price High Price
Yellow Firm Low Price Y: 26 , B: 20 Y: 48 , B: 12
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