The option that is consistent with the above payoff matrix is;
C: Increase Subscription Price is a dominant strategy for Daily Voice.
<h3>Payoff Matrix</h3>
The table showing the matrix is missing and so i have attached it.
- When Town Herald does not change the subscription price, then it is obvious that the best strategy for daily voice is to increase subscription price because $600 > $500 from the matrix table.
Thus, the correct option that is consistent with the above payoff matrix is Option C
The missing options are;
a. Do Not Change Subscription Price is adominant strategy forDaily Voice.
b. Do Not Change Subscription Price is adominant strategy forTown Herald.
c. Increase Subscription Price is a dominantstrategy for daily Voice.
d. Increase Subscription Price is a dominantstrategy forTown Herald.
e. There are no dominant strategies in the abovepayoff matrix
Read more about payoff matrix at; brainly.com/question/16158065
Answer:
In my opinion....
Yes, somtetimes it's persoanl depending on the situation/risk in which you have to choose a side from. Example/Explanation is on bottom ↓
Explanation:
Personal risk - <u>It is anything that exposes you to the risk of losing something of value.</u>
Usually, personal risk is associated with your financial investments and insurance. These investments may be in the stock market, mutual funds, or loans to others.
Risk - <u>It is the potential that a decision will lead to a loss or an undesirable outcome.</u>
In fact, almost any human decision carries some risk, but some decisions are much riskier/more risky than others.
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