Provide an appropriate response.Two supermarkets, R and C, want to run a promotional on the same item. A market research firm provided the payoff matrix below, where each entry indicates the percentage of customers going to market R at the indicated prices of that item. Find the saddle value, and the optimum strategy for each store. Store C
Store R
A. 60%; R sells the item at $1.85, C sells the item at $1.55.
B. 50%; R sells the item at $1.85, C sells the item at $1.55.
C. 50%; R sells the item at $1.55, C sells the item at $1.85.
D. 60%; R sells the item at $1.55, C sells the item at $1.85.
Answer: C
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= 0
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