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Business, 14.05.2021 22:50 wubzwaters

Martha and Oleg are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $5,000. If neither of them advertise, each will earn a profit of $10,000. If one advertises and the other doesn't, then the one who advertises will earn a profit of $15,000 and the other will earn $7,000. To earn the highest profit, Martha a. should advertise, and she will earn $5,000.

b. should advertise, and she will earn $15,000.

c. should not advertise, and she will earn $10,000.

d. has no dominant strategy

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