Question: Use the game theory matrix to answer the question that follows. Based on the matrix, which of the following is most true? Group of answer
Use the game theory matrix to answer the question that follows.
Based on the matrix, which of the following is most true?
Group of answer choices
The dominant strategy of both companies is to raise prices.
The dominant strategy of both companies is to lower prices.
If both companies decide to collude, neither will benefit.
If ABC Ltd knows that ACME Ltd is raising their prices, ABC Ltd should also raise their prices.
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