The difference between a positive economic statement and a normative economic statement is that: a. a normative statement must be true, while a positive statement is often not true. b. a positive statement must be true, while a normative statement is often not true. c. a positive economic statement is a moral judgment, while a normative economic statement is not a moral judgment. d. a positive statement can be verified, while a normative statement cannot be verified. e. a normative statement can be verified, while a positive statement cannot be verified.

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.