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jusicca1109
05.02.2021 •
Business
Dunder Mifflin and Office Depot are the only two paper vendors in the community of Scranton, Pennsylvania. Each company is deciding whether to set a high price for paper reams or set a low price. The payoff matrix of economic profits below displays the possible outcomes for both companies. All numbers are in millions of dollars.
Office Depot Low Price High Price $5 $11 Dunder Mifflin Low Price $19 $15 $2 $4 High Price $13 $10
Which companies have dominant strategies?
Both Dunder Mifflin and Office Depot.
Neither Dunder Mfun or Office Depot
Office Depot on
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