Refer to the Game Between James and Theodore Depicted in Figure

question 6

Multiple Choice

Refer to the game between James and Theodore depicted in Figure 12.1.Who has a dominant strategy?

• A) Only James
• B) Only Theodore
• C) Both James and Theodore
• D) Neither James nor Theodore

---

Definitions:

Irrevocable Right

A legal entitlement or authority that cannot be revoked, altered, or undone once it has been granted or established.

License

A revocable right to use another’s property temporarily.

Real Property

Land and anything permanently attached to it, such as buildings or trees.

Mineral Rights

Refers to the ownership rights related to the natural resources located below the surface of the land, such as oil, gas, and minerals.