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There are two businesses (Business 1 and Business 2), and each business can choose Ward A or Ward B for their new store.? Business 1
There are two businesses (Business 1 and Business 2), and each business can choose Ward A or Ward B for their new store.? Business 1 makes more money if both businesses open in the same neighborhood.? For company 2, it is the opposite. It is more profitable for Company 2 to have the two stores open in different neighborhoods.? The game is only played once and they make their decision simultaneously.? Assuming the following payoff matrix:
BUSINESS 2 A B A (4,-4) (-6,6) BUSINESS 1 B (-2,2) (4,-4)Step by Step Solution
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