Question: Finding dominant strategies LOADING... is often a very effective way of analyzing a game. Consider the following game: Microsoft and Apple are the two firms
Finding
dominant strategies
LOADING...
is often a very effective way of analyzing a game. Consider the following game: Microsoft and Apple are the two firms in the market for operating systems. Each firm has two strategies: charge a high price or charge a low pricepayoffs: Microsoft
Apple
Part
Whatif any is the dominant strategy for each firm?
Part
A
The dominant strategy is for Apple to choose low and Microsoft to choose high.
B
Choosing high is a weakly dominant strategy for Apple.
C
Choosing low is a weakly dominant strategy for Microsoft.
D
Choosing low is a weakly dominant strategy for Apple.
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