Question: 6. Advanced Analysis Construct a game theory matrix involving two firms and their decisions on high versus low advertising budgets and the effects of each

6. Advanced Analysis Construct a game theory matrix involving two firms and their decisions on high versus low advertising budgets and the effects of each decision on profits. Show a circumstance in which both firms select high advertising budgets even though both would be more profitable with low advertising budgets. Why won’t they unilaterally cut their advertising budgets? [LO13.4]

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