Chrissy and Marvin are competitors in a local market and each is trying to decide if it is worthwhile to advertise. If both of them advertise, each will earn a profit of $10,000 . If neither of them advertise, each will earn a profit of $20,000 . If one advertises and the other doesn't, then the one who advertises will earn a profit of $30,000 and the other will earn $14,000 . To earn the highest

profit, Chrissy
a. should advertise, and she will earn $10,000.
b. should advertise, and she will earn $30,000.
c. should not advertise, and she will earn 20,000.
d. has no dominant strategy.


d

Economics

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