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astraxan [27]
3 years ago
7

Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profit from either opening a coff

ee shop in a small town or not opening the coffee shop.
a. If the firms are playing a sequential game, then there is first-mover advantage.
b. the firm with the first move will choose not to open a coffee shop.
c. the firm with the first move will choose to open a coffee shop.
d. both firms will choose not to open a coffee shop, regardless of which firm chooses first.
Business
1 answer:
andrey2020 [161]3 years ago
8 0
Maybe the answe is b
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