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(2 of 14) Use the 2x2 game matrix below to answer the next few questions. It depicts the various profit outcomes of two breweries who
(2 of 14) Use the 2x2 game matrix below to answer the next few questions. It depicts the various profit outcomes of two breweries who are deciding what type of beer to bring to the market. The payoffs in the upper right accrue to the top brewery and the payoffs to the lower left accrue to the left player. Bronx Brewery IPA Porter 90 50 IPA 60 120 Brooklyn Brewery 105 100 Porter 50 70 Are there any dominant strategies?2. Are there any dominant strategies? Yes, both firms have dominant strategies Yes, Bronx Brewery has a dominant strategy O Yes, Brooklyn Brewery has a dominant strategy O NO
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