Question: answer ) In this Decision Point activity, you began to explore game theory: specifically, how your outcomes are dependent not just on your own choices,

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answer ) In this Decision Point activity, you
) In this Decision Point activity, you began to explore game theory: specifically, how your outcomes are dependent not just on your own choices, but also on the reactions of competitors. Use what you learned from this decision point, and information from S the chapter to answer the following question. Suppose Nike and Adidas are considering whether to develop new advertising campaigns. For each pair of strategies, the blue ) triangle shows Nike's payoff and the yellow triangle shows Adidas's payoff, in billions. Use this information to complele millan Learning e \" the sentences. Nike's choices Advertise Do ned advertise 7 Advertise 2 - - & = = = o Lo et advertise The best possible outcome for Nike would be to choose while Adidas chooses If Adidas chooses not to advertise, their best result will happen if Nike chooses The Nash equilibrium for this advertising game is for Nike to choose and for Adidas

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