Table 14-5 Martin and Lewis Each Run One of the Two Bingo

question 14

Multiple Choice

Table 14-5

Martin and Lewis each run one of the two bingo parlors in Schenectady. Both consider offering free rides to and from the parlors. Table 14-5 shows the payoff matrix containing the expected weekly profits for each bingo parlor.
-Refer to Table 14-5.Does Martin have a dominant strategy? If yes, what is it?

• A)Yes, Martin's dominant strategy is to offer free rides.
• B)No, Martin does not a dominant strategy-his best outcome depends on what Lewis does.
• C)Yes, Martin's dominant strategy is to not to offer free rides.
• D)Yes, Martin's dominant strategy is to wait to see what Lewis does first.

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