Refer to the figure at right and Greengo are oligopolists. Above you are given the payoff mat for the two firms giving the payoff associated with different pricing strategies. What is the dominant strategy for Greenco? Ala’s Price High Low O A. There is no best strategy OB. High price O C. Low price O D. Not enough information is given to determine the best strategy $5 million $7 milion $5 million 2 million Greenco’s Pri $2 million $4 million 57 million 54
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