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Consider the following matrix Firm A Firm B Low Price High Price Low Price 6, 5 10, 3 High Price 4, 11 8, 9 Which
Consider the following matrix
Firm A | Firm B | |
Low Price | High Price | |
Low Price | 6, 5 | 10, 3 |
High Price | 4, 11 | 8, 9 |
Which of the following statements is true regarding the players' secure strategies?
Group of answer choices
Both firms have a secure strategy to play low price.
Neither firm has a secure strategy to play low price.
Only Firm A has a secure strategy to play low price.
Only Firm B has a secure strategy to play low price.
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