2. In the following matrix for the profits of two dry cleaners with the decision whether or not to offer discounts for r
Posted: Sun Jun 05, 2022 4:47 pm
2. In the following matrix for the profits of two dry cleaners with the decision whether or not to offer discounts for regular customers. What do expect to happen? Why? Note: they cannot collude You don't offer discount You offer discount Rival gets $1000 Rival gets $3000 Rival doesn't offer discount You get $6000 You get $3000 Rival gets $2000 Rival gets $6000 Rival offers discount You get $2000 You get $1000