Refer to the payoff matrix below based on the information


Refer to the payoff matrix below. Based on the information on the payoff matrix, what is the dominant strategy?

a. Both firms will charge $150.

b. Both firms will charge $200.

c. Wal-Mart will charge $150, and Target will charge $200.

d. Wal-Mart will charge $200, and Target will charge $150.

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Business Economics: Refer to the payoff matrix below based on the information
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