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For 8, 9 and 10, refer to this table: Table 1: Ford and Chevy Pricing Strategies Screen Shot 2020-04-28 at 10.55.11 AM.png The table shows
For 8, 9 and 10, refer to this table: Table 1: Ford and Chevy Pricing Strategies Screen Shot 2020-04-28 at 10.55.11 AM.png The table shows payoffs for Ford and Chevy if they choose high pricing (HIGH) and low pricing of cars (LOW). Numbers are in million dollars; for example if Ford prices are HIGH and Chevy prices are LOW, Ford will lose $10 million, while Chevy will gain $180 million since people will buy more Chevy cars (holding other factors constant). Refer to Table 1. If Ford prices are HIGH, Chevy should choose a __________ price to earn more. If Ford prices are LOW, Chevy should choose a ___________price to earn more. Group of answer choices HIGH; HIGH LOW; LOW LOW; HIGH HIGH; LOW
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