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The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets ($1 million, $2 million,

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The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets (\$1 million, $2 million, or $3 miltion): What would be the likely outcome of this simultaneous advertising decision (Le. what ad budget would each company end up choosing)? Select one: a. Papa Johns would choose $3 milt, Pizza Hut would choose $1 mill. b. Papa Johns would choose $1 mill, Pizza Hut would choose $3 mill. c. Papa Johns would choose $2 mill, Pizza Hut would choose $2 mill. d. Papa Johns would choose $3 mill; Pizza Hut would choose $2 mill

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