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Question 1 Two competing coffee shops (Central Perk & Monk's Caf) are considering strategies that would give them an advantage over the competition. The following

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Question 1 Two competing coffee shops (Central Perk & Monk's Caf) are considering strategies that would give them an advantage over the competition. The following payoff table shows how certain strategies will affect the profits for Central Perk. Monk's Caf Renovations Expand Menu Advertising Central Renovations $8,000 $7,000 $4,000 Perk Expand Menu $-6,000 $1,000 $-3,000 Advertising $5,000 $-4,000 $-2,000 Find the pure strategy for this two-person, zero-sum game. Who would have the advantage? Question 2 Positive values are gain for Player B Player A B1 B2 B3 Player A A1 5 -1 4 A2 -2 2-4 A3 4 -3 3 Determine if a pure strategy can be found for the game. Eliminate any dominated strategies. Find the solution to the reduced game and determine who would have the advantage

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