-Consider the Noncooperative, One-Time, Static Game Depicted in Figure 2

Multiple Choice

-Consider the noncooperative, one-time, static game depicted in Figure 2.11. Fly-by-night Airlines and Going-going-gone Airways are rival air carriers operating in the lucrative northeast corridor. Each air carrier is considering implementing a frequent-flyer program or continuing with their standard fare schedule. If both players adopt a maximin decision rule, what is the resulting strategy profile for this game?

A) {Standard, Standard}
B) {Standard, Frequent flyer}
C) {Frequent flyer, Standard}
D) {Frequent flyer, Frequent flyer}