Refer to Scenario 13.17. If the Incumbent Monopoly installed excess ca

Refer to Scenario 13.17. If the Incumbent Monopoly installed excess capacity in advance of the Potential Entrant’s appearance on the scene, and this excess capacity had a cost of $X, it would reduce by $X the Incumbent Monopoly’s payoffs in the

A) top row.
B) bottom row.
C) left column.
D) right column.
E) entire matrix.

ANSWER

E