Question: Help Refer to the interactive below: ' The Payoff Matrix 3% PAYOFF MATRIX E OUTCOME Resulting Payoffs Instructions: Click the buttons that represent each rm's
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Refer to the interactive below: ' The Payoff Matrix 3% PAYOFF MATRIX E OUTCOME Resulting Payoffs Instructions: Click the buttons that represent each rm's choice between High and Low to have the tool identify the payoffs for each set of the firms' decisions. Suppose each firm's goal is to maximize its own payoff. If Firm B is expected to choose Low, what should Firm A choose? Firm A should choose _ It will earn a payoff of $ 8 as shown in the lower - left v cell. k
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