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

question 42

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 Lewis have a dominant strategy? If yes, what is it?

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

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Definitions:

Martin Luther King Jr.

A Baptist minister from America and activist who rose to prominence as the leading figure and voice in the civil rights movement from 1955 to his assassination in 1968.

Oratory Style

The distinctive manner or technique an individual uses when speaking publicly, often characterized by its effectiveness in persuading or moving an audience.

Legal Segregation

The practice of separating people or activities according to race by law, notably practiced in the United States until the mid-20th century.

African-American Fight

Refers to the enduring struggle of African Americans for justice, equality, and civil rights in the United States across various facets of society.