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Business, 21.01.2021 23:10 zanaplen27

Do Not Change Subscription Price Increase Subscription Price DailyVoice Do Not Change Subscription Price $500, $400 $200, $700
Increase Subscription Price $600, $300 $300, $100

The two major newspapers in a city, Daily Voiceand Town Herald, are considering whether to raise the subscription price. The first entries in the matrix above show the profits to Daily Voice, and the second entries show the profits to Town Herald. Which of the following is consistent with the above payoff matrix?

a. Do Not Change Subscription Price is adominant strategy forDaily Voice.
b. Do Not Change Subscription Price is adominant strategy forTown Herald.
c. Increase Subscription Price is a dominantstrategy forDaily Voice.
d. Increase Subscription Price is a dominantstrategy forTown Herald.
e. There are no dominant strategies in the abovepayoff matrix

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