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Business, 27.04.2021 15:00 EllaLovesAnime

The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets ($1 million, $2 million, or $3 million): Pizza Hut $1 mill $2 mill $3 mill $1 mill $310 / $415 290 / 420 260 / 390 Papa Johns $2 mill 270 / 410 280 / 405 250 / 380 $3 mill 305 / 395 300 / 400 270 / 375 a. In the first round of strategy elimination (when all three possible budgets are under consideration), which ad budget would the companies exclude

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