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Not Adertise $750 5300 Advertise $450 $550 Tnkunr Not Advertise The payoff matrix above provides information about the prots Four Winds and Trilogy earn based
Not Adertise $750 5300 Advertise $450 $550 Tnkunr Not Advertise The payoff matrix above provides information about the prots Four Winds and Trilogy earn based on the advertising strategy the companies adopt. These are two companies that produce morning snorkeling excursions off of Maui. The Payoff for Four Winds are in the top right corner of the boxes and the payoff for Trilogy are in the bottom left corner of the box. 3) IF the two firms could collude with one another and commit to the advertising strategy that gives the highest combined payoff, what combination of strategies would each firm take? The goal here is to maximize the joint profit. bi Which strategy is TrilogYs dominant strategy? c) Which strategy is Four Winds dominant strategy? d) Based on dominant strategy where will this situation end up? What is the combined profit and how does it compare to the other 3 possible payoffs
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