Two banks (Franklin and Lincoln)compete for customers in the growing city of Logantown.Both banks are considering opening a branch office in one of three new neighborhoods: Hillsboro,Fremont,or Oakdale.The strategies,assumed to be the same for both banks,are:
Strategy 1: Open a branch office in the Hillsboro neighborhood.
Strategy 2: Open a branch office in the Fremont neighborhood.
Strategy 3: Open a branch office in the Oakdale neighborhood.
Values in the payoff table below indicate the gain (or loss)of customers (in thousands)for Franklin Bank based on the strategies selected by the two banks.
Identify the neighborhood in which each bank should locate a new branch office.What is the value of the game?

Question

Two banks (Franklin and Lincoln)compete for customers in the growing city of Logantown.Both banks are considering opening a branch office in one of three new neighborhoods: Hillsboro,Fremont,or Oakdale.The strategies,assumed to be the same for both banks,are:
Strategy 1: Open a branch office in the Hillsboro neighborhood.
Strategy 2: Open a branch office in the Fremont neighborhood.
Strategy 3: Open a branch office in the Oakdale neighborhood.
Values in the payoff table below indicate the gain (or loss)of customers (in thousands)for Franklin Bank based on the strategies selected by the two banks.
  Identify the neighborhood in which each bank should locate a new branch office.What is the value of the game?

Quizplus · Accepted Answer

The Answer of Two banks (Franklin and Lincoln)compete for customers in the growing city of Logantown.Both banks are considering opening a branch office in one of three new neighborhoods: Hillsboro,Fremont,or Oakdale.The strategies,assumed to be the same for both banks,are:
Strategy 1: Open a branch office in the Hillsboro neighborhood.
Strategy 2: Open a branch office in the Fremont neighborhood.
Strategy 3: Open a branch office in the Oakdale neighborhood.
Values in the payoff table below indicate the gain (or loss)of customers (in thousands)for Franklin Bank based on the strategies selected by the two banks.
  Identify the neighborhood in which each bank should locate a new branch office.What is the value of the game?

Two Banks (Franklin and Lincoln)compete for Customers in the Growing