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Offer Alpha Offer Don't offer Alpha earns Alpha earns $60,000 $40,000 Beta earns Beta earns $60,000 $80,000 Alpha earns Alpha earns $80,000 $100,000 Beta earns

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Offer Alpha Offer Don't offer Alpha earns Alpha earns $60,000 $40,000 Beta earns Beta earns $60,000 $80,000 Alpha earns Alpha earns $80,000 $100,000 Beta earns Beta earns $40,000 $100,000 Beta Don't offer Suppose two competing restaurants, Alpha and Beta, are contemplating offering student discounts. Looking at the game box, if Alpha decides to offer the discount then Beta's best response it to: offer (offerot offer) a discount. If Beta decides not to offer a discount then Alpha's best response is to: not offer A/ (offerot offer) a discount. Does Alpha or Beta have a dominant strategy? Yes A (Yes/No) It is true A (true/false) that both companies offering student discounts is the only Nash equilibria for this game

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