Bob and Joe both own convenience marts on opposite corners. Both firms are considering expanding the size of their stores. The payoff matrix for this decision is shown below. Does Bob's Mart have a dominant strategy? Explain.

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The Answer of Bob and Joe both own convenience marts on opposite corners. Both firms are considering expanding the size of their stores. The payoff matrix for this decision is shown below. Does Bob's Mart have a dominant strategy? Explain.

Bob and Joe Both Own Convenience Marts on Opposite Corners