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Question 1 Two chocolate factories, A and B, are contemplating offering discounts to the customers. The table below shows the payoff matrix in terms of

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Question 1

Two chocolate factories, A and B, are contemplating offering discounts to the customers. The table below shows the payoff matrix in terms of profit for the two chocolate factories, with two strategies, discount or no discount.

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Factory B Discount No Discount Discount $40m for Factory A $60m for Factory A Factory A $17m for Factory B $13m for Factory B No Discount $15m for Factory A $50m for Factory A $100m for Factory B $80m for Factory B

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