The figure shown displays the choices that could be made by two firms in an industry: Target and Kohl's. Both companies are trying to decide how much to discount their products. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Target will offer no discount and Kohl's will offer a discount of 15% off.
B)Target will offer no discount and Kohl's will offer a discount of 30% off.
C)Target will offer a discount of 25% off and Kohl's will offer a discount of 20% off.
D)Target will offer a discount of 25% off and Kohl's will offer a discount of 40% off.

Question

The figure shown displays the choices that could be made by two firms in an industry: Target and Kohl's. Both companies are trying to decide how much to discount their products. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Target will offer no discount and Kohl's will offer a discount of 15% off. 
B)Target will offer no discount and Kohl's will offer a discount of 30% off. 
C)Target will offer a discount of 25% off and Kohl's will offer a discount of 20% off. 
D)Target will offer a discount of 25% off and Kohl's will offer a discount of 40% off.

Quizplus · Accepted Answer

The Answer of  The figure shown displays the choices that could be made by two firms in an industry: Target and Kohl's. Both companies are trying to decide how much to discount their products. The payoffs are the profits (in millions)these companies will earn as a result of their choices.What will be the outcome of this game?
A)Target will offer no discount and Kohl's will offer a discount of 15% off. 
B)Target will offer no discount and Kohl's will offer a discount of 30% off. 
C)Target will offer a discount of 25% off and Kohl's will offer a discount of 20% off. 
D)Target will offer a discount of 25% off and Kohl's will offer a discount of 40% off.

The Figure Shown Displays the Choices That Could Be Made