-Refer to the Noncooperative, One-Time, Static Game Depicted in Figure

Multiple Choice

-Refer to the noncooperative, one-time, static game depicted in Figure 2.12. Rah-Rah and7th Heaven are convenience store chains that are considering opening a franchise in downtown Pawtucket, or just off Interstate 95. Monthly payoffs are in thousands of dollars. If larger payoffs are preferred, which convenience store chain has astrictly dominant strategy?

A) 7th Heaven
B) Rah-Rah
C) Both firms
D) Neither firm