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Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of US dollars for each strategy they choose. The first

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Scenario: The payoff matrix given below shows the payoffs to two rival firms in millions of US dollars for each strategy they choose. The first number listed in each cell is the payoff to the row player and the second number listed is the payoff to the column player. Firm B Strategy X Strategy Y 1.2, 1.2, Strategy X 2.5 Firm A 3.5, 2, Strategy Y 3.0 0 11) Refer to the scenario above. Which of the following is true? A) Firm A's dominant strategy is X. B) Firm B's dominant strategy is Y. C) Firm A is better off by choosing Strategy X when Firm B chooses Strategy Y. D) Firm B is better off by choosing Strategy X when Firm A chooses Strategy Y

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