The retaliating gas station has employed a<u> grim trigger</u> strategy.
<h3>What is grim trigger strategy?</h3>
Grim trigger strategy can be defined as the way in which a two parties or two people enter into an agreement in which because one of them decide to defect from the agreement and the second person as well defect from the agreement.
Based on the scenario we can say that the retaliating gas station has employed a grim trigger strategy.
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Answer:
A Tying Contract
Explanation:
If a seller requires an intermediary to purchase a supplementary product to qualify to purchase the primary product the intermediary wishes to buy, it results in a tying contract. It is mostly treated as an illegal because it pushes intermediary organization to buy other products if they wishes to purchase the products which is actually needed to be purchased. Some companies make it compulsory for their intermediaries in doing so. For example, if you have to buy 10 packs of Lays, then you must be buying 5 extra boxes of Pepsi as well. It is being done because of the power and market share that company is enjoying in the market, so they take its advantage.
Answer:
Explanation:
Given
Probability of a person to not enter into a bar or ducking is
Probability of a person to enter into a bar
(Probability of a person to not enter into a bar or ducking)
Substituting the given value, we get
Probability of a person to enter into a bar
Total three men attempts to enter into the bar and their course of action is independent of each others
Thus, probability of observing the first two walking into the bar and the third ducking will be equal to the product of individual probabilities