Question: Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm.
Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit in millions of dollars for each firm. If Firm A adopts the highprice strategy, then Firm B would adopt the
A highprice strategy and earn $
B lowprice strategy and earn $
C highprice strategy and earn $
D lowprice strategy and earn $
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