A small town on a major highway has only two gas stations: station R, a major brand
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A small town on a major highway has only two gas stations: station R, a major brand station, and station C, an independent. A market research firm provided the following payoff matrix, where each entry indicates the percentage of customers who go to station R for the indicated prices per gallon of unleaded gasoline. Find saddle values and optimal strategies for each company.
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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