Refer to Exhibit 15-5. In the game: Kellogg's Price High Price Low General Mills Price High GM: $50 mil K: $60 mil GM: $10 mil K: $110 mil Price Low GM: $100 mil K: $20 mil GM: $25 mil K: $30 mil
A.
the dominant strategy of General Mills is to set a high price.
B.
the dominant strategy of Kellogg's is to set a low price.
C.
the dominant strategy of Kellogg's is to set a high price.
D.
neither firm has a dominant strategy.