Which of the Following Statements Is an Example of Place

question 114

Multiple Choice

Which of the following statements is an example of place utility?

• A)airlines that allow you to print your own boarding pass at home
• B)a service station that adds a diesel fuel pump to its three unleaded gasoline pumps
• C)a mobile phone company that offers six-month financing,same as cash
• D)cold cut packages that can be zipped close for reuse
• E)an iPhone with a "multitouch" user interface for easy navigation

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Definitions:

Payoff Matrix

In game theory, it represents the potential outcomes of a game for each player given the different strategies each player can choose.

Sequential Game

A game theory concept where players make decisions one after another, with each player having knowledge of the previous players' decisions.

Nash Equilibrium

A situation in game theory where each player's chosen strategy maximizes their payoff, given the strategies chosen by other players.

Simultaneous Game

A game theory model where players make their moves at the same time without knowing the strategies chosen by other players.