Business, 19.12.2019 04:31, brockmerino

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

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Answer the question based on the payoff matrix for a duopoly in which the numbers indicate the profi...