Refer to the table below to answer the following questions.
Table 14.2.8
-Refer to Table 14.2.8.Libertyville has two optometrists,Dr.Smith and Dr.Jones.Each optometrist can choose to advertise his service or not.The incomes of each optometrist,in thousands of dollars,are given in the payoff matrix above.Which of the following statements correctly describes Dr.Jones' strategy given what Dr.Smith may do?
A)Dr.Jones advertises no matter what Dr.Smith does.
B)Dr.Jones does not advertise no matter what Dr.Smith does.
C)Dr.Jones advertises only if Dr.Smith doesn't advertise.
D)Dr.Jones advertises only if Dr.Smith advertises.
E)Dr.Jones does not advertise if Dr.Smith advertises.

Question

Refer to the table below to answer the following questions.
Table 14.2.8 
-Refer to Table 14.2.8.Libertyville has two optometrists,Dr.Smith and Dr.Jones.Each optometrist can choose to advertise his service or not.The incomes of each optometrist,in thousands of dollars,are given in the payoff matrix above.Which of the following statements correctly describes Dr.Jones' strategy given what Dr.Smith may do?
A)Dr.Jones advertises no matter what Dr.Smith does. 
B)Dr.Jones does not advertise no matter what Dr.Smith does. 
C)Dr.Jones advertises only if Dr.Smith doesn't advertise. 
D)Dr.Jones advertises only if Dr.Smith advertises. 
E)Dr.Jones does not advertise if Dr.Smith advertises.

Quizplus · Accepted Answer

Dr. Jones' best strategy is to advertise regardless of Dr. Smith's actions because advertising always results in a higher income for Dr. Jones compared to not advertising, regardless of what Dr. Smith decides to do.

Refer to the Table Below to Answer the Following Questions