The following table shows the payoff matrix of the two firms (Firm X and Firm Y) in dollars when they advertise and when they do not advertise. Table 11.1
-According to Table 11.1,if firm X advertises and Y does not advertise:
A)Firm X earns $50 and firm Y earns $200.
B)Firm X earns $150 and firm Y earns $200.
C)Firm X earns $100 and firm Y earns $200.
D)Firm X earns $50 and firm Y earns $180.
E)Firm X earns $180 and firm Y earns $80.

Question

The following table shows the payoff matrix of the two firms (Firm X and Firm Y) in dollars when they advertise and when they do not advertise. Table 11.1  
-According to Table 11.1,if firm X advertises and Y does not advertise:
A)Firm X earns $50 and firm Y earns $200. 
B)Firm X earns $150 and firm Y earns $200. 
C)Firm X earns $100 and firm Y earns $200. 
D)Firm X earns $50 and firm Y earns $180. 
E)Firm X earns $180 and firm Y earns $80.

Quizplus · Accepted Answer

The Answer of The following table shows the payoff matrix of the two firms (Firm X and Firm Y) in dollars when they advertise and when they do not advertise. Table 11.1  
-According to Table 11.1,if firm X advertises and Y does not advertise:
A)Firm X earns $50 and firm Y earns $200. 
B)Firm X earns $150 and firm Y earns $200. 
C)Firm X earns $100 and firm Y earns $200. 
D)Firm X earns $50 and firm Y earns $180. 
E)Firm X earns $180 and firm Y earns $80.

The Following Table Shows the Payoff Matrix of the Two