Refer to Table 14.4. Firm A does not have a dominant strategy.

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Angel Mone't · Accepted Answer

Final Answer : True, Explanation :  A dominant strategy is one that results in the highest payoff for a player regardless of what the other player does. In Table 14.4, Firm A's best response depends on Firm B's action: if B raises the price, A's best response is to not raise the price ($30,000 > $6,000), and if B doesn't raise the price, A's best response is to raise the price ($20,000 > $10,000). Since A's best response changes based on B's action, A does not have a dominant strategy.

Refer to Table 14.4. Firm A does not have a dominant strategy.

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