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The table lists the profits of two different spa chains, Elite and Supreme. The profits depend on the number of locations each chain has in
The table lists the profits of two different spa chains, Elite and Supreme. The profits depend on the number of locations each chain has in a certain city. Each chain has one location, and both owners are considering expansion. If you were the owner of Elite Day Spas, what would you do if you want to gain a first-mover advantage? Profits of Elite Day Spa and Supreme Day Spa Elite has one location Elite has two locations Elite has three locations Supreme has one location Supreme profits = $30 Elite profits = $30 Supreme profits = $15 Elite profits = $50 Supreme profits = $7 Elite profits = $35 Supreme has two locations Supreme profits = $50 Elite profits = $15 Supreme profits = $20 Elite profits = $20 Supreme profits = $6 Elite profits = $10 Supreme has three locations Supreme profits = $35 Elite profits = $7 Supreme profits = $10 Elite profits = $6 Supreme profits = $0 Elite profits = $0 Group of answer choices Announce expansion plans while you begin to search for a new location. Quickly and aggressively open two more locations before Supreme has time to act. Quickly and quietly open a second
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