Assume You Are The Owner Of One Of The Only Two Coffee Shops In Town. Draw The Game Theory Matrix And Explain The Strategy The Coffee Shops Will Use To Maximise Their Payoff, If They Were In Competition With Each Other. Is This Strategy Optimum? Explain.

匿名用户 最后更新于 2021-11-29 14:46 经济Economics

Assume you are the owner of one of the only two coffeeshops in town.

Draw the game theory matrix and explain the strategy thecoffee shops will use to maximise their payoff, if they were incompetition with each other.

Is this strategy optimum? Explain.

Note: Identify and state the strategies that you have inmind when constructing your game theory matrix.

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