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Now, suppose that the Albertsons manager is friends with the board members of the Irvine Company. They have proposed the following option: [EAlbertsons is willing
Now, suppose that the Albertsons manager is friends with the board members of the Irvine Company. They have proposed the following option: [EAlbertsons is willing to bribe the board members, the Irvine Company will increase the minimum wage of Irvine to $8. (e) Could it be a protable strategy for Albertsons to pay this bribe? Explain. (f) What is the maximum amount that Albertsons will be willing to spend for this bribe? Next, assume the timing of events is as follows. First, Albertsons has to decide to bribe (B) the board members with 31 dollars or not (NB). Second, Sprouts has to decide to enter (E) or not enter (NE). Finally, Albertsons has to decide whether they are going to increase the worker's wages (I) or continue to pay them minimum wage (NI). (g) Draw the game in extensive form representation of the situation. (h) Assuming b
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