If Nike and Adidas are faced with the game in the figure, we can see that:
A. Nike has a dominant strategy, but Adidas does not.
B. Adidas has a dominant strategy, but Nike does not.
C. Neither company has a dominant strategy.
D. Both companies have a dominant strategy.
D. Both companies have a dominant strategy.
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During the 1970s, the price/earnings ratio of stocks in the S&P 500 was relatively low. This low P/E ratio was
a. surprising because the inflation rate was high during the 1970s. b. not surprising because interest rates were low during the inflationary 1970s. c. not surprising because interest rates were high during the inflationary 1970s. d. surprising because the inflation rate was low during the 1970s.
When recessions are the result of slowing growth in potential output, the government's best policy is to:
A. reduce government spending. B. promote saving and investment. C. decrease aggregate supply. D. increase aggregate demand.