Multiple Choice
Use the following case from question
Two ice cream trucks A&B are playing a simultaneous pricing game.If one of them prices low,he gets all the customers,a payoff of 12,while other gets zero.If both price high they each get a payoff of 6 and if both price low,they get a payoff of 5.
-What is the best response of Vendor B to Vendor A pricing high?
A) Also price high
B) Price low
C) Leave the market
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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