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Hello I need help with this Q 3. (04.05 HC) dollars. Company Alpha and Company Beta are the only hotels in a small town. Before

Hello I need help with this Q

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3. (04.05 HC) dollars. Company Alpha and Company Beta are the only hotels in a small town. Before a large event in the town, they project the following profit payoff scenarios based on offering free breakfast or not, measured in thousands of Company Beta Free Breakfas Company Alpha Free Breakfast $90, $95 $25, $110 No Free Breakfas $105, $65 $60, $55 a. Does Company Alpha have a dominant strategy to offer a free breakfast, no breakfast, or no dominant strategy? b. Does Company Beta have a dominant strategy to offer a free breakfast, no breakfast, or no dominant strategy? C. Assuming no cooperation, what will the profit be for each hotel? d. The government offers a $20,000 subsidy for offering free breakfast. Draw a new payoff matrix reflecting the subsidy. e. Assuming no cooperation, what will the profit be for each hotel after the subsidy? (5 points) tv

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