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Peter and Ngomongo are second hand dealers of electronic equipment and shoes along Baricho road. Due to hard economic times and restriction by City Council,

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Peter and Ngomongo are second hand dealers of electronic equipment and shoes along Baricho road. Due to hard economic times and restriction by City Council, sales have been decreasing. Each of them came up with strategies to expand into the other business (they have monopoly now). Each of them knows what the other is considering thus influences each others decision. Peter had the following matrix of profit per day. Ngomongo Expand Don't expand Peter Expand 1000 Don't expand -500 500 Required: interpret the matrix. (2marks) Solve the game to determine the average winning (loss) each cousin would have. (8marks)

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