Hal and Nick are the only producers of a new type of laundry bleach designed to...

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Hal and Nick are the only producers of a new type of laundry bleach designed to displace conventional laundry bleach. They are trying to figure out how much of the new bleach to produce. They know three things: 1. If they both limit production to 30,000 bottles a day, they will make the maximum attainable joint profit of $280,000 a day-$140,000 a day each. 2. If one of them produces 45,000 bottles a day while the other produces 30,000 a day, the one that produces 45,000 will make an economic profit of $175,000 and the one that sticks with 30,000 bottles will incur an economic loss of $40,000. 3. If they both increase production to 45,000 bottles a day, they will both make zero economic profit. Complete the payoff matrix for the game that Hal and Nick must play. Each cell shows their economic profit. >>> Use a minus sign for a loss. Do not use a plus sign for a profit. Do not enter a $ sign. - Nick's strategies (blue squares) 30,000 bottles 45,000 bottles Hal's strategies (red squares) 30,000 bottles 45,000 bottles Hal and Nick are the only producers of a new type of laundry bleach designed to displace conventional laundry bleach. They are trying to figure out how much of the new bleach to produce. They know three things: 1. If they both limit production to 30,000 bottles a day, they will make the maximum attainable joint profit of $280,000 a day-$140,000 a day each. 2. If one of them produces 45,000 bottles a day while the other produces 30,000 a day, the one that produces 45,000 will make an economic profit of $175,000 and the one that sticks with 30,000 bottles will incur an economic loss of $40,000. 3. If they both increase production to 45,000 bottles a day, they will both make zero economic profit. Complete the payoff matrix for the game that Hal and Nick must play. Each cell shows their economic profit. >>> Use a minus sign for a loss. Do not use a plus sign for a profit. Do not enter a $ sign. - Nick's strategies (blue squares) 30,000 bottles 45,000 bottles Hal's strategies (red squares) 30,000 bottles 45,000 bottles