The following table shows the payoff matrix of the two firms (Firm X and Firm Y), in dollars, when they advertise and when they do not advertise.Table 12.1

-According to Table 12.1, if firm X advertises and Y does not advertise,:
A)firm X earns $50 and firm Y earns $200.
B)firm X earns $150 and firm Y earns $200.
C)firm X earns $100 and firm Y earns $200.
D)firm X earns $50 and firm Y earns $180.
E)firm X earns $180 and firm Y earns $80.

Question

The following table shows the payoff matrix of the two firms (Firm X and Firm Y), in dollars, when they advertise and when they do not advertise.Table 12.1
 
-According to Table 12.1, if firm X advertises and Y does not advertise,:
A)firm X earns $50 and firm Y earns $200. 
B)firm X earns $150 and firm Y earns $200. 
C)firm X earns $100 and firm Y earns $200. 
D)firm X earns $50 and firm Y earns $180. 
E)firm X earns $180 and firm Y earns $80.

Quizplus · Accepted Answer

Without access to Table 12.1, the correct answer cannot be determined from the information provided. However, based on the structure of the question, it seems to relate to game theory, possibly a payoff matrix in a scenario involving advertising strategies between two firms. The correct choice (E) is selected based on the instruction to provide an answer, but in reality, one would need to consult Table 12.1 to accurately determine the payoffs for firms X and Y when X advertises and Y does not.

The Following Table Shows the Payoff Matrix of the Two