The market for bagels contains two firms: BagelWorld (BW)and Bagels'R'Us (BRU).The owners of the two firms decide to fix the price of bagels.The table shows the total profits the firms will earn if they abide by the price setting agreement or if they cheat on the agreement. $\begin{array}{c}
\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Bagel Worid } \
\text {Bagels'R'Us }
\begin{array}{|l|l|l|}
\hline & \text { Cheat } & \text { Abide } \
\hline \text { Cheat } & \text { BRU: \$40, BW: \$40 } & \text { BRU: \$80; BW:\$0 } \
\hline \text { Abide } & \text { BRU: \$0; BW: \$80 } & \text { BRU: \$45, BW:\$45 } \
\hline
\end{array}\end{array}$
Refer to the figure above.This game has __________ with __________.

Question

The market for bagels contains two firms: BagelWorld (BW)and Bagels'R'Us (BRU).The owners of the two firms decide to fix the price of bagels.The table shows the total profits the firms will earn if they abide by the price setting agreement or if they cheat on the agreement. $\begin{array}{c}
\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Bagel Worid } \
\text {Bagels'R'Us  } 
\begin{array}{|l|l|l|}
\hline & \text { Cheat } & \text { Abide } \
\hline \text { Cheat } & \text { BRU: \$40, BW: \$40 } & \text { BRU: \$80; BW:\$0 } \
\hline \text { Abide } & \text { BRU: \$0; BW: \$80 } & \text { BRU: \$45, BW:\$45 } \
\hline
\end{array}\end{array}$
Refer to the figure above.This game has __________ with __________.

Quizplus · Accepted Answer

The Answer of The market for bagels contains two firms: BagelWorld (BW)and Bagels'R'Us (BRU).The owners of the two firms decide to fix the price of bagels.The table shows the total profits the firms will earn if they abide by the price setting agreement or if they cheat on the agreement. $\begin{array}{c}
\quad \quad \quad \quad \quad \quad\quad\quad\quad\quad\quad \quad \text { Bagel Worid } \
\text {Bagels'R'Us  } 
\begin{array}{|l|l|l|}
\hline & \text { Cheat } & \text { Abide } \
\hline \text { Cheat } & \text { BRU: \$40, BW: \$40 } & \text { BRU: \$80; BW:\$0 } \
\hline \text { Abide } & \text { BRU: \$0; BW: \$80 } & \text { BRU: \$45, BW:\$45 } \
\hline
\end{array}\end{array}$
Refer to the figure above.This game has __________ with __________.

The Market for Bagels Contains Two Firms: BagelWorld (BW)and Bagels'R'Us