Solved

Refer to the Payoff Matrix

Question 223

Multiple Choice

  Refer to the payoff matrix. Bob's Burgers and Sam's Sandwiches are competing restaurants in a small town. Both are considering adding pizza to their line of products. If this is a one-time simultaneous game, A) both firms have a dominant strategy to add pizza to their menu. B) both firms have a dominant strategy to not add pizza to their menu. C) a Nash equilibrium occurs either when both add pizza or both do not add pizza. D) neither firm has a dominant strategy. Refer to the payoff matrix. Bob's Burgers and Sam's Sandwiches are competing restaurants in a small town. Both are considering adding pizza to their line of products. If this is a one-time simultaneous game,


A) both firms have a dominant strategy to add pizza to their menu.
B) both firms have a dominant strategy to not add pizza to their menu.
C) a Nash equilibrium occurs either when both add pizza or both do not add pizza.
D) neither firm has a dominant strategy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions