Question: Question 86 (1 point) Table 15.2.6 Firm A R&D No R&D A: $25 A:-$3 R&D B: $15 B: $60 Firm B A: $60 A: $50

 Question 86 (1 point) Table 15.2.6 Firm A R&D No R&D

Question 86 (1 point) Table 15.2.6 Firm A R&D No R&D A: $25 A:-$3 R&D B: $15 B: $60 Firm B A: $60 A: $50 No R&D B: -$3 B: $35 Refer to Table 15.2.6. Firms A and B can conduct research and development (R&D) or not conduct it. R&D is costly but can increase the quality of the product and increase sales. The payoff matrix is the economic profits of the two firms and is given above, where the numbers are millions of dollars. A's best strategy is to A) conduct R&D regardless of what B does. ( B) not conduct R&D only if B does not conduct R&D. ( C) not conduct R&D regardless of what B does. O D) conduct R&D only if B does not conduct R&D. O. E) conduct R&D only if B conducts R&D

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