Business, 19.08.2019 17:20 caz27

Juan pablo and zak 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 tv, each will earn a profit of $8,000. if they both advertise on radio, each will earn a profit of $14,000. if neither advertises at all, each will earn a profit of $20,000. if one advertises on tv and other advertises on radio, then the one advertising on tv will earn $12,000 and the other will earn $10,000. if one advertises on tv and the other does not advertise, then the one advertising on tv will earn $22,000 and the other will earn $4,000. if one advertises on radio and the other does not advertise, then the one advertising on radio will earn $24,000 and the other will earn $8,000. if both follow their dominant strategy, then juan pablo will
a. advertise on radio and earn $14,000.
b. not advertise and earn $20,000.
c. advertise on tv and earn $8,000.
d. advertise on tv and earn $22,000.

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Juan pablo and zak are competitors in a local market. each is trying to decide if it is better to ad...

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