Consider the following payoff matrix facing Harry and Sally when each chooses to go to the coffee shop listed. Harry wants to avoid Sally at the coffee shop and is not happy when Sally ends up in the same shop he chooses. Sally would like to see Harry, and so she is not happy when Harry ends up in a different coffee shop. Harry StarbucksDunkin DonutsSally StarbucksH: ?1, S: 1H: 1, S: ?1 Dunkin DonutsH: 1, S: ?1H: ?1, S: 1Given this payoff:
A. both Harry and Sally have dominant strategies.
B. Sally has a dominant strategy but Harry does not.
C. Harry has a dominant strategy but Sally does not.
D. neither Harry nor Sally has a dominant strategy.
Answer: D
Economics
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The largest amount of state and local spending is spent on highways and other roads
a. True b. False
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Refer to the table below for a monopolist. A non-discriminating monopolist would earn maximum profits of:
The following question is based on the demand and cost data for a pure monopolist given in the table below.
A. $600
B. $500
C. $250
D. $100
Economics