y' fiu canv x FIU FIU Can X Flu Calende X FI Calends X G An olig x Mail - S X STORY ( X Course X Course X Course X *Homey X MindTa X X C ng.cengage.com/staticb/ui/evo/index.html?eISBN=97803571336068snapshotld=2785813&id=14017097338 2 WhatsApp Instagram . Lo que necesites, lo... G My Account Winter 2017/2018 A... M Gmail YouTube Maps = News Translate ) phidias G Noticias Traducir Nueva pestana SANTIAGO CENGAGE |MINDTAP Q Search this course ? My Home Homework (Ch 17) X 8. Collusive outcome versus Nash equilibrium Courses Consider a remote town in which two restaurants, All-You-Can-Eat Cafe and GoodGrub Diner, operate in a duopoly. Both restaurants disregard health and Catalog and Study Tools safety regulations, but they continue to have customers because they are the only restaurants within 80 miles of town. Both restaurants know that if Rental Options they clean up, they will attract more customers, but this also means that they will have to pay workers to do the cleaning. A-Z College Success Tips If neither restaurant cleans, each will earn $ 12,000; alternatively, if they both hire workers to clean, each will earn only $9,000. However, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $ 16,000, and the other restaurant will make Career Success Tips only $4,000. ? Help Give Feedback Complete the following payoff matrix using the information just given. (Note: All-You-Can-Eat Cafe and GoodGrub Diner are both profit-maximizing firms.) GoodGrub Diner Cleans Up Doesn't Clean Up Cleans Up $ $ $ $ All-You-Can-Eat Cafe Doesn't Clean Up $ $ $ $ If All-You-Can-Eat Cafe and GoodGrub Diner decide to collude, the outcome of this game is as follows: All-You-Can-Eat Cafe and GoodGrub Diner A+ If both restaurants decide to cheat and behave noncooperatively, the outcome reflecting the unique Nash equilibrium of this game is as follows: All-You- Can-Eat Cafe Z , and GoodGrub Diner 87.F O O 1:07 PM Rain showers 4/14/2022 2