Consider the accompanying payoff matrix.
When Row Resorts and Column Cruises both play their dominant strategy:
A. Column Cruises earns a higher profit than does Row Resorts.
B. Row Resorts earns a higher profit than does Column Cruises.
C. both firms do better than if they had both played their dominated strategy.
D. both firms do worse than if they had both played their dominated strategy.
Answer: D
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