The following is a payoff matrix showing profit in millions of dollars when two companies simultaneously decide on various advertising budgets ($1 million, $2 million, or $3 million):

Blank for Formatting	Pizza Hut Advertising Budget: $1 mill	Pizza Hut Advertising Budget: $2 mill	Pizza Hut Advertising Budget: $3 mill
Papa John's Advertising Budget: $1 mill	$225 / $175	$215 / $185	$210 / $180
Papa John's Advertising Budget: $2 mill	235 / 165	210 / 170	205 / 175
Papa John's Advertising Budget: $3 mill	215 / 155	205 / 160	200 / 165

In the first round of strategy elimination (when all three possible budgets are under consideration), which ad budget would the companies exclude?

Select one:

a. Papa Johns would eliminate $2 mill; Pizza Hut would eliminate $2 mill.

b. Papa Johns would eliminate $1 mill; Pizza Hut would eliminate $3 mill.

c. Papa Johns would eliminate $2 mill; Pizza Hut would eliminate $3 mill.

d. Papa Johns would eliminate $3 mill; Pizza Hut would eliminate $1 mill.

Answer rating: 100% (QA)

Ans is D papa johns would elimin... View the full answer