Question
Bunnings Warehouse is a very large company which dominates the market for household hardware in Australia. Their website offers the following information: Our lowest
Bunnings Warehouse is a very large company which dominates the market for household hardware in Australia. Their website offers the following information: "Our lowest prices policy means that if you find a competitor's lower price (including GST and delivery charges) on the same in-stock item that's available for same-day delivery or collection, we'll beat it by 10%." Which of the following well-known games is the best analogy for this approach?
A. | A cooperative prisoners' dilemma game. | |
B. | A non-cooperative prisoners' dilemma game. | |
C. | A beach-location game. | |
D. | A 'burn the boats' game. | |
E. | A 'paper-rock-scissors' game. |
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