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Business, 20.12.2019 00:31 amycressey1970

The payoff matrix below shows the per-unit profits associated with the production strategies of two utility companies, ua and ub. each firm has two choices: to reduce production by 10 percent or by 20 percent. the first entry in each cell indicated the profits to ua, and the second, the profits to ub.
assuming no cooperation, which statement is true?
neither company has a dominant strategy
both companies have an incentive to reduce production by 10%
both companies have an incentive to reduce production by 20%
only ua has an incentive to reduce production by 20%

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