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Two technology companies, Bapple and Hoogle, are interested in attracting more software engineers to work and are considering introducing a personal shopper for employees as
Two technology companies, Bapple and Hoogle, are interested in attracting more software engineers to work and are considering introducing a personal shopper for employees as a new perk. The following game depicts the strategic outcomes that result from the game. Increases in annual profits of the two growing technology companies are shown in the table. Hoogle - Offer the New Perk Hoogle - Do Not Offer the New Perk Bapple - Offer the New Perk Hoogle = $20 million Hoogle = $5 million Bapple = $30 million Bapple = $80 million Bapple - Do Not Offer the New Perk Hoogle = $60 million Hoogle = $40 million Bapple = $10 million Bapple = $60 million Refer to the table. In the Nash equilibrium of this game, annual profit will grow by _______. a. $60 million for Hoogle and $10 million for Bapple b. $40 million for Hoogle and $60 million for Bapple c. $5 million for Hoogle and $80 million for Bapple d. $20 million for Hoogle and $30 million for Bapple
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