Question: Two forms, Alpha and Beta, compete by price. Each can choose either a low price or a high price. The following payoff table shows the

Two forms, Alpha and Beta, compete by price. Each
Two forms, Alpha and Beta, compete by price. Each can choose either a low price or a high price. The following payoff table shows the profit (in thousands of dollars) each firm would earn in each of the four possible decision situations: Beta (italics) Low price High price Alpha Low price $1,000, $500 $375, $250 (Bold) High price $550 - $100 $575, - $200 What is the dominant strategy for Beta? O Bota does not have a dominant stratex High price Low price Cannot be determined by the information given

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