Wal-Mart Was One of the Most Successful Firms of the 1970s

Multiple Choice

Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansion strategy: they rushed to open the first discount store in small towns that could only support one discount store. In the language of game theory:

A) Wal-Mart was a dominant firm.
B) Wal-Mart made empty threats.
C) Wal-Mart employed a maximin strategy.
D) Wal-Mart employed a preemptive strategy.