Multiple Choice
Ben and Sam are competing for the remaining spot on the national swim team.If one of these two swimmers hires a personal trainer,that swimmer will win the spot.If both swimmers hire a personal trainer,they have a 50% chance of winning the place on the team;if neither swimmer hires a personal trainer,they still have a 50% chance of winning the place.The table below shows the payoff matrix facing the swimmers.Whoever makes the team will earn $100,000 next year from product endorsements.
-Refer to the information above.The dominant strategy for Ben is ______,and the dominant strategy for Sam is _______.
A) to hire a trainer;to hire a trainer
B) to not hire a trainer;to not hire a trainer
C) to hire a trainer;to not hire a trainer
D) to not hire a trainer;to hire a trainer
E) unknown;unknown
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Ben and Sam are competing for the
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q11: Paul owns a home on the top
Q12: The three firms below have five choices
Q13: Which of the following is NOT an
Q15: The following data show the relationship between
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3714/.jpg" alt=" -Refer to the
Q17: If public school education was not free
Q18: Which of the following statements about private
Q19: When there are no externalities,<br>A) the market