Wal-Mart Was One of the Most Successful Firms of the 1970s

question 34

Multiple Choice

Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansion strategy: they rushed to open the first discount store in small towns that could only support one discount store. In the language of game theory:

• A) Wal-Mart was a dominant firm.
• B) Wal-Mart made empty threats.
• C) Wal-Mart employed a maximin strategy.
• D) Wal-Mart employed a preemptive strategy.

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