Refer to the Table Below to Answer the Following Questions

question 12

Multiple Choice

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.Smith's strategy given what Dr.Jones may do?

• A)Dr.Smith advertises no matter what Dr.Jones does.
• B)Dr.Smith does not advertise no matter what Dr.Jones does.
• C)Dr.Smith advertises only if Dr.Jones doesn't advertise.
• D)Dr.Smith advertises only if Dr.Jones advertises.
• E)Dr.Smith does not advertise if Dr.Jones advertises.

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Definitions:

Visualize

The practice of forming a mental image of something, used as a technique to enhance comprehension, creativity, or problem-solving.

Imagery

The use of vivid or figurative language to represent objects, actions, or ideas in such a way that it appeals to our physical senses.

Devil's Advocate

A person who expresses a contentious opinion or takes a position they do not necessarily agree with, for the sake of debate or to explore the thought process behind opposing viewpoints.

Subjective Probabilities

Individual assessments or beliefs about how likely events are to occur, based on personal judgment rather than objective data.