The grand performance hall is in the process of remodeling and is scheduled to open for business after being closed for 50 years. as part of the remodeling, it is installing a new sound system. the sound system is to be installed by sound systems, inc. on or before april 10. opening night of the hall is may 1. the contract states that "time is of the essence" because of the opening-night deadline. sound systems has some financial difficulties and doesn't deliver the system until april 20. grand hall refuses to accept it, and sound systems sues. what result?

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.