Business, 21.03.2020 11:09 mecennabosaaen
George and Jerry are competitors in a local market. Each is trying to decide if it is better to advertise on TV, on radio or not at all. If they both advertise on T each will earn a profit of $3,000. If they both advertise on radio, each wi目earn profit of $5,000. If neither advertises at all, each will earn a profit of $10,000. If one advertises on TV and the other advertises on radio, then the one advertising on TV will earn $4,000 and the other will earn $2,000. If one advertises on TV and the other does not advertise, then the one advertising on TV will earn串8,000 and the other will earn $5,000. If one advertises on radio and the other does not advertise, then the one advertising on radio will earn $9,000 and the other will earn 6,000 If both follow their dominant strategy, then George will cam $,00. r one A. advertise on TV and earm $3,000. B. advertise on TV and earm $8,000 C. advertise on radio and earn $5,000. D, not advertise and earn $10,000.
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George and Jerry are competitors in a local market. Each is trying to decide if it is better to adve...
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