What is the dominant strategy

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Reference no: EM131159544

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.

Reference no: EM131159544

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