Table 14-5
Ming and Henri each run one of the two dry cleaning facilities in the town of Scaraby.Both consider offering free pickup and delivery services.Table 14-5 shows the payoff matrix containing the expected quarterly profits for each firm.
-Refer to Table 14-5.Does Ming have a dominant strategy? If yes, what is it?
A) Yes, Ming's dominant strategy is to offer free pickup and delivery.
B) No, Ming does not a dominant strategy - his best outcome depends on what Henri does.
C) Yes, Ming's dominant strategy is to not to offer free pickup and delivery.
D) Yes, Ming's dominant strategy is to wait to see what Henri does first.
Correct Answer:
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