(All Steps) s 14 through 18 refer to the information that follows. Consider a small town that is served by two grocery stores, White and Gray. Each store
Question: Questions 14 through 18 refer to the information that follows. Consider a small town that is served by two grocery stores, White and Gray. Each store must decide whether it will remain open on Sunday or whether it will close on that day. Monthly payoffs for each strategy pair are as shown in the table below.
What is Gray’s dominant strategy?
Open Sundays
Closed Sundays
There is no dominant strategy
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