Advanced Placement (AP), 19.05.2020 15:05 hddjdudusu
Patrick's Pie is currently the only pizzeria in College Town. It can either advertise or not advertise.
Dee's Pizzeria is contemplating whether to enter or stay out of the College Town market. Each pizza
establishment independently and simultaneously makes its decision. The payoff matrix above
shows the profits for each combination of decisions, and both players have complete information.
The first entries in the payoff matrix are Patrick's profit, and the second entries are Dee's profit.
What actions maximize the combined total profits for Patrick's Pie and Dee's Pizzeria?
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Answers: 2
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Patrick's Pie is currently the only pizzeria in College Town. It can either advertise or not adverti...
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