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25-11-2022
Business

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if you advertise and your rival advertises, you each will earn 10 million in profits. if neither of you advertises, you will each earn 17 million in profits. however, if one of you advertises and the other does not, the firm that advertises will earn 8 million and the non-advertising firm will earn 14 million. if you and your rival plan to be in business for only one year, the nash equilibrium ismultiple choicefor neither firm to advertise.for your firm to advertise and the other not to advertise.for the other firm to advertise and your firm not to advertise.for each firm to advertise.

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