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Rock Band Payoff Matrix The Beatles Tour No Tour $4m $3m Tour $2m $4m The Rolling Stones $10m $7m No Tour $1m $3m The Beatles

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Rock Band Payoff Matrix The Beatles Tour No Tour $4m $3m Tour $2m $4m The Rolling Stones $10m $7m No Tour $1m $3m The Beatles and the Rolling Stones are competitors in the rock and roll music industry. Either band can go on tour or not. Consider their payoff matrix given above. Suppose that the bands formed a cartel and equally split their combined payoffs. Which strategies maximize the cartel's combined payoffs? Both bands go on tour The Beatles go on tour and the Rolling Stones do not The Rolling Stones go on tour and the Beatles do not ONeither band goes on tour

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