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Kane and Lisa are competitors in the restaurant/bar market and each is trying to decide if it is worthwhile to open more locations. If both
Kane and Lisa are competitors in the restaurant/bar market and each is trying to decide if it is worthwhile to open more locations. If both of them open more locations, each will earn a profit of $1 million. If neither of them open new locations, each will earn a profit of $3 million. If one opens a new location and the other doesn't, then the one who opens will earn a profit of $5 million and the other will earn $0.5 million. Kane's dominant strategy is to ______ and Lisa's dominant strategy is to ______
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