Table 14-2 Ming and Henri Each Run One of the Two

question 96

Multiple Choice

Table 14-2 Ming and Henri each run one of the two dry cleaning facilities in the town of Scaraby.Both consider offering free pickup and delivery services.Table 14-2 shows the payoff matrix containing the expected quarterly profits for each firm.
-Refer to Table 14-2.Does Henri have a dominant strategy? If yes,what is it?

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

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Definitions:

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