Table 17-17

question 155

Multiple Choice

Table 17-17.Consider a small town that has two grocery stores from which residents can choose to buy a gallon of milk.The store owners each must make a decision to set a high milk price or a low milk price.The payoff table,showing profit per week,is provided below.The profit in each cell is shown as (Store 1,Store 2) .

-Refer to Table 17-17.What is grocery store 1's dominant strategy?

• A) Grocery store 1 does not have a dominant strategy.
• B) Grocery store 1 should always set a low price.
• C) Grocery store 1 should always set a high price.
• D) Grocery store 1 should set a low price when grocery store 2 sets a low price,and grocery store 1 should set a high price when grocery store 2 sets a high price.

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Definitions:

Rape

Sexual penetration against a person’s will through the use or threat of force.

Aggression

Behavior intended to harm or intimidate another individual, often manifesting physically or verbally.

Feminists

Individuals who advocate for women's rights on the ground of equality of the sexes.

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A workplace in which unwelcome comments or conduct based on gender, race, religion, or any other protected characteristic interfere with an employee's work performance or create an intimidating, hostile, or offensive working environment.