Examlex

Solved

(Table) Referring to the Payoff Matrix for Norm and Pete

question 94

Multiple Choice

(Table) Referring to the payoff matrix for Norm and Pete (with Norm's profit in plain text and Pete's profit in italics) , who has a dominant strategy?
 Pete’s Pasta Dinners  High Price  Price Norm’s Noodle Bowls  High Price $4,000$4,500$700$3,500 Low Price $2,800$500$3,000$3,700\begin{array}{c} \quad \quad \quad \quad \quad \quad \quad \text { Pete's Pasta Dinners } \\\begin{array}{|l|l|ll|ll|}\hline & & {\text { High Price }} & &{\text { Price }} \\\hline \text {Norm's Noodle Bowls } & \text { High Price } & \$ 4,000 & \$ 4,500 & \$ 700 & \$ 3,500 \\\hline &\text { Low Price } & \$ 2,800 & \$ 500 & \$ 3,000 & \$ 3,700 \\\hline\end{array}\end{array}


Definitions:

Cloward

Refers to Richard Cloward, a sociologist known for his work on the theory of structural strain in causing delinquency and crime.

Illegitimate Opportunity

refers to opportunities for crime that are available to people because of their position or environment, often seen in social learning theory.

Social Controls

Mechanisms, strategies, and techniques societies or groups use to maintain order, enforce norms, and regulate behavior.

Deviant Behavior

Conduct that strays from widely accepted social norms, values, and expectations, often resulting in social judgement or sanctions.

Related Questions