Table 14-5
Martin and Lewis each run one of the two bingo parlors in Schenectady. Both consider offering free rides to and from the parlors. Table 14-5 shows the payoff matrix containing the expected weekly profits for each bingo parlor.
-Refer to Table 14-5.Does Lewis have a dominant strategy? If yes, what is it?
A) Yes, Lewis's dominant strategy is to not offer free rides.
B) Yes, Lewis's dominant strategy is to offer free rides.
C) No, Lewis does not have a dominant strategy-his best outcome depends on what Martin does.
D) Yes, Lewis's dominant strategy is to wait and see what Martin does first.
Correct Answer:
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