Given the following table, Tim's Treasures can determine that maintaining price is a dominated strategy for Nancy's Nook and that Nancy's will not choose it. Since Nancy's will not choose it, Tim's strategy will be to discount.

Question

Quizplus · Accepted Answer

Based on the table, it can be observed that if Tim's Treasures maintains price, Nancy's Nook will choose to discount, resulting in a lower profit for Tim's. Therefore, maintaining price is a dominated strategy for Nancy's and she will not choose it. As a result, Tim's best strategy will be to discount.

Given the Following Table, Tim's Treasures Can Determine That Maintaining