Business, 27.06.2020 20:01 lopezma152

Food4U (player #1) and Grocery Mart (player #2) are trying to decide whether to build new stores, remodel the current store or leave the stores as they are. They payoff matrix based on their decisions is below: New Store Remodel Leave as is
New Store 200, 200 300, 400 400, 150
Remodel 400, 300 450, 450 300, 175
Leave as is 150, 300 175, 450 350, 300
Which of the following is true?
a. Both Food4U and Grocery Mart have dominant strategies
b. Grocery Mart has a dominant strategy, but Food4U does not
c. Food4U has a dominant strategy, but Grocery Mart does not
d. Neither

Answers: 2

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Food4U (player #1) and Grocery Mart (player #2) are trying to decide whether to build new stores, re...

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