Question $7(2$ points$)$

Does Coke have a dominated strategy in the original payoff table?

Question $7$ options:

Yes, Coke should never select "High".

Yes, Coke should never select "Medium".

Yes, Coke should never select "Low".

No$,$ Coke does not have a dominated strategy.

Question $8(2$ points$)$

Does Pepsi have a dominated strategy in the original payoff table?

Question $8$ options:

Yes, Pepsi should never select "High".

Yes, Pepsi should never select "Medium".

Yes, Pepsi should never select "Low".

No$,$ Pepsi does not have a dominated strategy.

Question $9(2$ points$)$

What is the likely outcome of this advertising problem?

Question $9$ options:

Coke goes "Low", and Pepsi goes "High".

Coke goes "High", and Pepsi goes "Low".

Coke goes "Low", and Pepsi goes "Low".

Coke goes "Medium", and Pepsi goes "Medium".

Coke goes "High", and Pepsi goes "High".Use the following information to answer the next $3$ questions:

The payoff table below represents the advertising decision game between Coke and

Pepsi.