The Figure Shown Represents the Choices and Payoffs (Company Profits)of

question 40

Multiple Choice

The figure shown represents the choices and payoffs (company profits) of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to compete at these prices. The Rock Shop is trying to decide whether or not it should enter the market.According to the figure:

• A)The Rock Shop has a dominant strategy, but MiiTunes does not.
• B)MiiTunes has a dominant strategy, but The Rock Shop does not.
• C)neither store has a dominant strategy.
• D)both stores have a dominant strategy.

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Definitions:

Greater Than Or Equal To

A relational operator that checks if the value on the left side is greater than or equal to the value on the right side.

Evaluates

The process of calculating or determining the value of an expression based on its operands and operations.

Relational Operator

Operators used in programming languages to compare two values, determining their relationship (such as equals, greater than, less than).

==

In many programming languages, "==" is the equality operator that tests if two values are equal.