Which firms have a dominant strategy?

Two firms are considering going out of business and selling their assets. Each considers Show more Table 17-24 Two firms are considering going out of business and selling their assets. Each considers what happens if the other goes out of business. The payoff matrix below shows the net gain or loss to each firm. Firm A Firm A Stays in business Sells business Firm B Stays in business A gains $9 million B gains $7million A gains $7 million B gains $15 million Firm B Sells business A gains $15 million B gains $8 million A gains $1 million B gains $3 million Refer to Table 17-24. Which firms have a dominant strategy? a. A but not B b. B but not A c. Neither A nor B d. A and B Show less


 

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