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Explain how Southwest Airlines used the game theory approach to increase/maximize its profits. What is the outcome of the game involving early-bird

Explain how Southwest Airlines used the game theory approach to increase/maximize its profits.

  • What is the outcome of the game involving early-bird check-in?
  • Identify what is the passengers' dominant strategy.
  • Determine why travelers face the Prisoner's Dilemma with the early-bird check-in process.

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