Dunder Mifflin and Office Depot are the only two paper vendors in the community of Scranton, Pennsylvania. Each company is deciding whether to set a high price for paper reams or set a low price. The payoff matrix of economic profits below displays the possible outcomes for both companies. All numbers are in millions of dollars. Game Theory Matrix solutionspile.com

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Dunder Mifflin and Office Depot are the only two paper vendors in the community of Scranton, Pennsylvania. Each company is deciding whether to set a high price for paper reams or set a low price. The payoff matrix of economic profits below displays the possible outcomes for both companies. All numbers are in millions of dollars.  Game Theory Matrix: Office Depot & Dunder Mifflin Office Depot: Low PriceOffice Depot: High PriceDunder Mifflin: Low Price$5                           $12$11                        $15Dunder Mifflin: High Price$12                           $9$4                           $10  Which companies have dominant strategies?  solutionspile.com

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